Piecing together disparate data for economic and market insights
The narrower stock-market indices may stay disconnected from prospects of the Indian economyNeelkanth Mishra | Last Updated at February 12, 2020 22:23 IST (This was published in the Business Standard: link) The stock market is widely believed to be a forward-looking indicator of the economy. While one may struggle to find an individual who has … Read more
Neelkanth Mishra in TOI Edit Page | February 7, 2020, 7:42 AM IST (This was published in the Times of India: link) The distress caused to farmers due to low food prices is now well-documented: As the terms of trade turned against farmers, an important channel of transfer of wealth from the rich to the … Read more
With central reforms increasingly announced outside budget speeches, and both revenue and expenditures starting to become predictable, it might be more productive for public attention to move to other areas of government functioning like state and municipal budgets.Written by Neelkanth Mishra | Updated: February 6, 2020 9:36:43 am (This was published in the Indian Express: … Read more
With destocking over, growth is stabilising but its revival faces several pro-cyclical headwindsNeelkanth Mishra | Last Updated at January 16, 2020 00:33 IST (This was published in the Business Standard: link) The (only) good feature of destocking-led economic slowdowns is that they end. After all, you cannot keep cutting inventories indefinitely. A significant part of … Read more
How fiscal pressures on state budgets are more pro-cyclical and weak imports push up bond yieldsNeelkanth Mishra | Last Updated at December 4, 2019 01:00 IST (This was published in the Business Standard: link) Economies are complex systems, with inter-linkages that usually do not get adequate attention, but which can have a strong effect on … Read more
Collective borrowing by the Centre and states this year will likely be half of the financial savings of householdsNeelkanth Mishra | Last Updated at November 25, 2019 19:38 IST (This was published in the Business Standard: link) Given how important state government budgets are in the Indian economic framework, the Reserve Bank of India publishing … Read more
The gap between lending rates and RBI’s repo rate has reached levels only seen in crisesNeelkanth Mishra | Last Updated at November 6, 2019 00:24 IST (This was published in the Business Standard: link) Transmission of interest rates, or rather, the lack of it, is now in a crisis-like situation. The gap between the average … Read more
There is an opportunity for countries to grab exports worth $450 billion that India cannot afford to missNeelkanth Mishra | Last Updated at October 11, 2019 07:22 IST (This was published in the Business Standard: link) These days rarely a day passes without trade wars making the headlines. And yet, despite more than a year … Read more
It may be time to set up a Centre-state council for expenditure, and to re-anchor bond marketsNeelkanth Mishra | Last Updated at September 4, 2019 00:57 IST(This was published in the Business Standard: link) The current economic slowdown is exposing challenges in how the country manages itself fiscally. First, it is well understood that a … Read more
The government needs to take a decisive approach on the financial architecture in India: It needs to take an axe to the system, as a scalpel will no longer suffice.Written by Neelkanth Mishra | Updated: August 30, 2019 10:45:03 am (This was published in the Indian Express: link) The economy has slowed. Now that there … Read more