inflation
The Consumption Conundrum
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
The policy inversion
With global economic policy preferences being the opposite of those seen after the 2008-09 crisis, so should be the implicationsNeelkanth Mishra | Last Updated : Jul 13 2023 | 9:33 PM IST This appeared in the Business Standard on July 14, 2023 (link). Despite headline inflation having moderated meaningfully from the peak, bond yields in … 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
Turbulence ahead
A slowdown in global demand is underway; Pricing risks could be next, but monetary conditions can remain tight Neelkanth Mishra | Last Updated at September 07 2022 23:49 IST This appeared in the Business Standard on September 8, 2022 (link) This is supposed to be the busiest season for containerships ferrying goods from Asia to … Read more
Interview: Enquiry with Shoma Chaudhury
We discussed the need to devalue the currency, jobs, growth, and a number of other economic issues.
The inflation spectrometer
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
‘Equity risk premium of Indian markets is near historic lows’ – interview with LiveMint
This appeared in the paper on 13 December 2021 (link). Equity risk premium of Indian markets is still near historic lows, indicating that the strong medium-term prospects for Indian economy are more than priced in, said Neelkanth Mishra, co-head of Asia-Pacific strategy and India equity strategist at Credit Suisse. In an interview, Mishra said policymakers … Read more
The energy headwind
The surge in energy prices is a concern for growth; even if temporary, a reminder of India’s strategic dependence on imported energy Neelkanth Mishra | Last Updated at November 8, 2021 22:05 IST This was published in the Business Standard on November 9, 2021 (link). Not just humans, but economies also need energy to grow: … Read more