Piecing together disparate data for economic and market insights
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
The provisional data from the livestock census shows improving productivity and geographical spreadNeelkanth Mishra | Last Updated at August 23, 2019 11:45 IST (This was published in the Business Standard: link) The government, once every five years or so, conducts a livestock census, counting all domesticated animals. The 20th livestock census was conducted last year … Read more
Budget takes a calculated risk to fund part of borrowings through foreign currency bondsWritten by Neelkanth Mishra | Updated: July 8, 2019 12:12:20 am (This was published in the Indian Express: link) The government has chosen to retain the fiscal deficit target presented in the interim budget, continuing its commitment to the path of fiscal … Read more
The bond market has been stress-tested, and is seeing structural strengtheningNeelkanth Mishra | Last Updated at July 3, 2019 02:30 IST (This was published in the Business Standard: link) How worried should one be about the bond market? In a financial market that is constrained for capacity, the bond market was expected to step into … Read more
Fight against the last vestiges of inflation threatens to undo significant policy gains of recent yearsNeelkanth Mishra | Last Updated at June 5, 2019 02:18 IST (This was published in the Business Standard: link) It is rare for consensus to emerge among hundreds of millions of humans. When it does, like it did in the … Read more