Piecing together disparate data for economic and market insights
As the GST subsumed taxes that added up to 40% of India’s total tax take, achieving ‘revenue neutrality’ is criticalNeelkanth Mishra | Last Updated at December 4, 2017 23:24 IST (This was published in the Business Standard: link) It is now obvious to most that getting the goods and services tax (GST) started was only … Read more
The Union govt can only enforce fiscal deficit targets for states as long as states owe it moneyNeelkanth Mishra | Last Updated at April 3, 2017 23:31 IST (This was published in the Business Standard: link) Are regulators behind the curve on state governments’ bond issuances? In the past seven years, even as the absolute … Read more
Centre-state data sharing is currently a distant dream but can be ground-breaking if implementedNeelkanth Mishra | Last Updated at January 2, 2017 23:24 IST (This was published in the Business Standard: link) Recent developments have reopened some long-running debates about our country, like of “state capacity” (how closely does the execution of a policy mirror … Read more
By sticking to the fiscal consolidation roadmap, the Union budget has obviated instability. The focus should now be on state capitals, whose budgets need greater market scrutinyWritten by Neelkanth Mishra | Updated: March 2, 2016 12:28:13 am (This was published in the Indian Express: link) Some are calling this a political budget. But that’s like … Read more
The election results in the state will impact the Indian economy’s prospects.Written by Neelkanth Mishra | Updated: November 2, 2015 12:59:28 am (This was published in the Indian Express: link) Should the ongoing Bihar elections matter to stockmarkets? A first glance at the facts suggests they shouldn’t. Bihar contributes just 3 per cent to India’s … Read more
RBI raising limits for foreign investors holding government bonds is more significant than the rate cut.Written by Neelkanth Mishra | Updated: October 2, 2015 12:25:15 am (This was published in the Indian Express: link) So finally it’s done: the RBI cut rates. With inflation steadily printing lower, taking real interest rates to near record highs, … Read more
Centre’s untidy money management creates unnecessary economic volatility and impedes investmentWritten by Neelkanth Mishra | Updated: July 13, 2015 2:41:54 am (This was published in the Indian Express: link) Before our ancestors figured out why solar eclipses happened, their “explanation” was mostly some evil creature swallowing the sun: the rakshasa Rahu in Hindu mythology, dragons … Read more
State governments cannot make cities livable. They must give urban areas freedom to manage themselves.Written by Neelkanth Mishra | Updated: May 16, 2015 12:08:55 am (This was published in the Indian Express: link) Exasperated with explaining the size of India to people, I now carry a map in which the country that comes closest to … Read more
The changing electorate and competitive federalism will be checks on their profligacy.Written by Neelkanth Mishra | March 5, 2015 12:13:23 am (This was published in the Indian Express: link) Have the states “grown up”? That’s the question to ask once the (well-justified) celebrations of “cooperative federalism” triggered by the government’s acceptance of the 14th Finance … Read more
A structural change is afoot. It holds great promise for India.Written by Neelkanth Mishra | Updated: November 24, 2014 12:05:27 am (This was published in the Indian Express: link) Is A 1,000-employee single-city company managed the same way as a 1,00,000-employee transnational company? I recently asked this rhetorical question when an experienced foreign investor asked … Read more