Piecing together disparate data for economic and market insights
May 19, 2026 | This appeared in the Economic Times print version on 20 May 2026 (link). The kindest take on the recently concluded US-China summit in Beijing was that the relationship has ‘improved’ from antagonism to direct engagement. That the meeting ended without acrimony was an achievement. The US has recalibrated its approach towards … Read more
The US-Israel war against Iran is rolling into unrestricted warfare — until oil and gas inventories last This appeared in the Economic Times on 23 March 2026 (link). The war in West Asia is now like a chess endgame in which one side is trying to survive by running down the clock, and the other … Read more
Here Mukesh and I explore why the Trump moves aren’t just about trade, but about four bigger objectives. Covering various topics from stagnant U.S. wages and life expectancy gaps to America’s renewed manufacturing drive for national security, this we discuss the forces influencing today’s shifting geopolitical landscape. We explore why a dollar devaluation may be … Read more
We discuss lessons India can draw from past currency wars to navigate the turbulent years ahead. We discuss how, in the decade before the Bretton Woods system, countries devalued their currencies to gain trade advantages—and how similar pressures are resurfacing today as major economies look to depreciate their exchange rates. Drawing on global historical patterns, … Read more
RBI may target 3-4% depreciation per quarter till trade deficit, at a record high, remains a problem Neelkanth Mishra | Jul 4, 2022. This appeared in the Times of India on July 5, 2022 (link). With oil prices up, a record trade deficit of US$70.25bn in the April-June quarter, rupee sliding and GoI taking some … Read more
We discussed the need to devalue the currency, jobs, growth, and a number of other economic issues.
Even as some inflationary impulses fade, others of more recent vintage pose new and bigger risks; one must disentangle multiple strands to reduce risk of policy errors Neelkanth Mishra | Last Updated at June 6, 2022 22:27 IST This appeared in the Business Standard on June 7, 2022 (link). An idealised wave has a predictable … 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
Budget takes a calculated risk to fund part of borrowings through foreign currency bondsWritten by Neelkanth Mishra | Updated: July 8, 2019 12:12:20 am (This was published in the Indian Express: link) The government has chosen to retain the fiscal deficit target presented in the interim budget, continuing its commitment to the path of fiscal … 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