consumption

Continued fiscal discipline healthy; what next?

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This appeared in the Times of India on 2 February 2025 (link). The choice of the title in the print version is not mine. Even though the role of govt has shrunk meaningfully over the last three decades, muscle memory of years when GOI had a dominant footprint still builds up expectations around the Union … Read more

The Consumption Conundrum

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Neelkanth Mishra | March 28, 2024, 11:45pm This was published in the Economic Times on 29 March 2024 (link). ‘If the economy is growing so fast, why is our volume growth so weak?’ is a question asked by management teams of several large consumer companies. These concerns have intensified after the recent strong GDP release, … Read more

Weaker growth, better mix

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Even as headline GDP growth slows, the pickup in investments is making it more balancedNeelkanth Mishra | Last Updated at December 4, 2018 23:30 IST (This was published in the Business Standard: link) The economy seems to have ‘slowed’ earlier than most forecasters expected, and even before the funding freeze for non-banking financial companies (NBFCs) … Read more

Prioritise attracting foreign capital

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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

India’s changing palette

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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