china
China’s Economic Model Transition: A Conversation with Michael Pettis
This conversation occurred on 21 August 2023 as the 17th edition of the Axis Bank Treasury Market Talks.
Will the bamboo bend?
Unlike many times earlier, the Communist leadership may not have a policy fix for China’s economic troubles this time. This has serious repercussions for the country and the world. Neelkanth Mishra | 16 August 2023 This was published in the Times of India on 16 August 2023 (link). This is not the first time that … Read more
A potent channel
Recent evidence of a sharp slowdown in house construction in major markets poses downside risks to global growthNeelkanth Mishra | Apr 10 2023 | 10:31 PM IST This appeared in the Business Standard on April 11, 2023 (link). An important and potent channel of monetary policy transmission is the housing market. Weakness in housing demand … Read more
A narrow window of opportunity
Thailand and China are at risk of growing old before they grow rich; India must grow its GDP at 8-9 per cent or more to avoid that fate Neelkanth Mishra | Last Updated at November 15, 2022 00:31 IST This appeared in the Business Standard on 15 November 2022 (link). As several large economies in … Read more
Good news before budget: pick up in India’s manufacturing exports
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
Food, the switch and the wardrobe
Opening up in the US may switch spending to services and wardrobe restocking, and de-stock overflowing pantries Neelkanth MishraLast Updated at July 5, 2021 22:37 IST This appeared in the Business Standard on 6-July-2021 (link). Retail sales in a country, dependent on the collective habits and budgets of millions of households, tend to be quite … Read more
Why yuan matters
Indian equity markets are turbulent due to high foreign ownership and the renminbi uncertaintyWritten by Neelkanth Mishra | Updated: January 28, 2016 12:00:12 am (This was published in the Indian Express: link) In an article last month, ‘Lies and the Sensex’ (December 22), I had pointed to the risk of market volatility arising from the … Read more