Piecing together disparate data for economic and market insights
Written Neelkanth Mishra | Updated: Jan 2 2014, 02:56am hrs (This was published in the Financial Express: link) In an earlier column in this paper, we pointed out that expectations of a sharp revival in large-scale investments post elections in 2014 are misplaced (Elections won’t trigger revival, December 12, 2013, goo.gl/h3drK6). Middle-income consumption growth is … Read more
Written Neelkanth Mishra | Updated: Dec 12 2013, 10:34am hrs (This was published in the Financial Express: link) As the dust settles around the state election results and the media hyperboles surrounding them, it is time to take stock of how they impact the economy and earnings. Given that the four states of Madhya Pradesh, … Read more
Written Neelkanth Mishra | Updated: Oct 8 2013, 08:20am hrs (This was published in the Financial Express: link) With the rupee stabilising after a strong rebound, and a semblance of confidence having returned, it is time to look back and take stock of what really happened in July and August, when it seemed as if … Read more
How India is using the opportunities in a weak currency, in terms of import substitution and a spurt in exports. Written by Neelkanth Mishra | October 4, 2013 2:29:00 am This appeared in the Indian Express. (link) A weak currency helps growth, and is in many ways equivalent to monetary easing. One recalls the fear … Read more
Why policy needs to address the small entrepreneurs, help them scale up Written by Neelkanth Mishra | August 6, 2013 3:46:09 am (This appeared in the Indian Express : link) It is surprising how frequently we limit our worldview to “people like us”. Nowhere is this more obvious than when commentators fret about a collapse … Read more
Written by Neelkanth Mishra | Updated: Jul 31 2013, 11:06am hrs (This was published in the Financial Express: link) There is a perceptible fear among investors and corporates that the Reserve Bank of Indias recent tightening of liquidity to protect the currency is a precursor to a prolonged period of high interest rates. To assess … Read more
For actions to be proactive, not post-crisis, political discourse must involve more economics Written by Neelkanth Mishra | July 15, 2013 1:19:57 am This was published in the Indian Express on 15 July 2013 (link). With stalled growth, a precipitously dropping currency and the government’s and the central bank’s hands tied, pundits talk of “economic … Read more
India is urbanising away from the big cities. This trend calls for policy changes (This was published in the Indian Express: link) Written by Neelkanth Mishra | May 23, 2013 12:29:39 am Say “rural India”, and the image that flashes in our minds is that of a buffalo tied outside a mud hut. After all, … Read more
The third pillar of the economy, low-income consumption, is holding up remarkably well Written by Neelkanth Mishra | April 12, 2013 (This article was published in the Indian Express: link) The level of pessimism about the Indian economy continues to rise as the downturn enters its most vicious phase – that of contagion. Slowing investments … Read more
Written by Neelkanth Mishra | Updated: Oct 30 2012, 06:47am hrs (This was published in the Financial Express: link) What one does not understand, one distrusts. FII equity flows into India continued for the last two years even through a sharp deterioration in economic fundamentals. The trickle turned into a flood recently as the government … Read more