Piecing together disparate data for economic and market insights
While the economy may be slowing, it is growing above consensus estimates Neelkanth Mishra | December 31, 2022 11:56 IST This appeared in the Indian Express on 31 December, 2022 (link) Restrictions imposed on activities were fully eased only around March this year. But, they had mostly been lifted by September 2021. We can now … Read more
India’s strong medium-term growth outlook may not suffice for foreign capital to flow, as existing channels that bring global savings to India face turbulence Neelkanth MishraLast Updated at October 3, 2022 22:14 IST This appeared in the Business Standard on October 4, 2022 (link). “Why will global savings not flow to India if India has … Read more
Letting the rupee weaken may be the least bad option; raising interest rates to slow imports is too blunt an instrumentNeelkanth Mishra | Last Updated at May 2, 2022 22:35 IST This appeared in the Business Standard on May 3, 2022 (link). There is turmoil in the global economy. First Covid and then a war … 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
New MPC’s unambiguous messaging on inflation should help buyers of government bonds take the riskWritten by Neelkanth Mishra | Updated: October 12, 2020 8:53:54 am (This was published in the Indian Express: link) The economy is rebounding faster than earlier expected, and year-on-year comparisons, only partly helped by the economic weakness seen in the second … Read more
Diverging fiscal responses to the crisis can create serious macroeconomic challenges for countries globallyNeelkanth Mishra | Last Updated at August 5, 2020 01:42 IST (This was published in the Business Standard: link) The Reserve Bank of India’s (RBI’s) balance sheet size has grown sharply to 27 per cent of gross domestic product (GDP) in early … Read more
Inflows as a share of GDP are at 2002 levels; policymakers must address structural concernsNeelkanth Mishra | Last Updated at October 2, 2018 23:00 IST (This was published in the Business Standard: link) Like a company that needs external capital to grow faster than it would just with its own savings, maintaining a steady inflow … Read more
GDP growth may get hurt too as a weaker currency and higher interest rates drag down consumption to bridge balance of payments deficitNeelkanth Mishra | Last Updated at September 4, 2018 23:17 IST (This was published in the Business Standard: link) Imagine a household that consumes Rs 100 but only earns Rs 80, and bridges … Read more
It has been one of the weakest currencies globally this year, with suspicions of capital flight and slowing capital inflowsNeelkanth Mishra | Last Updated at April 4, 2018 05:57 IST (This was published in the Business Standard: link) This year, the Indian rupee ranks 26th in strength among the top 30 currencies globally, and is … 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