Stability – not political gestures

Government is undertaking difficult job of dialling back its spending, marking a near complete unwinding of the pandemic-driven fiscal expansionWritten by Neelkanth MishraFebruary 2, 2024 06:55 IST This appeared in the Indian Express on 2 February, 2024 (link). Economic theory suggests that governments should spend more when private firms and households do not feel confident … Read more

Choosing Stability over Populism

As the resilience of the domestic economy gets tested by global headwinds, deft fiscal manoeuvres may be necessary Updated: February 2, 2023 07:40 IST | Neelkanth Mishra This appeared in the Indian Express on February 2, 2023 (link) As the state’s footprint on the economy has shrunk over the past three decades, the relevance of … Read more

The difficulty in spending

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