Piecing together disparate data for economic and market insights
Neelkanth Mishra | April 19, 2022, 8:31PM IST This appeared in the Times of India on April 20, 2022 (link) Sanctions following the Russia-Ukraine conflict have triggered much discussion on how other countries would manage their foreign currency (FX) reserves going forward. These reserves are a country’s insurance against economic shocks, like households or companies … Read more
2021 not only saw record funding creating a third of the country’s unicorns, but also the first major listings, providing new valuation anchors Neelkanth MishraLast Updated at April 5, 2022 00:15 IST This was published in the Business Standard on April 6, 2022 (link). Over the past year, India added a record 38 new unicorns … Read more
If energy prices remain this high for a year, they could shave 3 per cent off India’s GDP, weaken the currency Neelkanth Mishra | Last Updated at March 7, 2022 21:50 IST This appeared in the Business Standard on March 8, 2022 (link). We ended the Tessellatum last November, The Energy Headwind, with a hope … Read more
Indian government bonds are now cheaper than Indian equities. The post-Budget rise in bond yields in India is more due to plumbing challenges than insufficient savings Neelkanth Mishra | Last Updated at February 7, 2022 23:20 This appeared in the Business Standard on February 8, 2022 (link). As economies emerge out of the shadows of … Read more
Governments face a new fiscal situation: They have more funds than they can allocate Written by Neelkanth Mishra | Updated: February 2, 2022 4:58:16 am This appeared in the Indian Express on 2 February 2022 (link). If the tax-to-GDP ratio continues to climb, as it appears likely to, fiscal space may continue to expand, even … Read more
Jan 30, 2022, 20:00 IST | Neelkanth Mishra This appeared in the Times of India on 31 January, 2022 (link). There’s something to cheer before the budget – India’s goods exports are a record high $393 billion, after having stagnated in the $250-330bn annual range for a decade. A robust revival in global goods trade … Read more
Tax receipts are surging and markets are primed for higher state government deficits, but states are struggling to spend Neelkanth Mishra | Last Updated at January 11, 2022 00:13 IST This appeared in the Business Standard on January 11, 2022 (link). One can easily spend a few thousand rupees, maybe even a few lakhs, but … Read more
Housing down-cycle shaved more than 1 per cent from growth annually for nearly a decade; it is turning now Neelkanth Mishra | Last Updated at December 13, 2021 23:10 IST This appeared in the Business Standard on 14 December 2021 (link). India needs to build one crore new houses every year. The country’s population will … Read more
This appeared in the paper on 13 December 2021 (link). Equity risk premium of Indian markets is still near historic lows, indicating that the strong medium-term prospects for Indian economy are more than priced in, said Neelkanth Mishra, co-head of Asia-Pacific strategy and India equity strategist at Credit Suisse. In an interview, Mishra said policymakers … Read more