Interview (Bloomberg): India’s role in a shifting global economy
Geopolitics, Not blinking, Growth, Policy challenges, State level reforms
Reforms
Chat on GST: Reform, Fiscal, Growth impetus
In this chat we put the recent changes to GST into context, discussing the history of indirect taxes in India, some of the challenges in implementing GST, and the impact of this reset on inflation, demand, and growth. We discuss how rate rationalization can boost consumption without straining fiscal math, how input tax credit works … Read more
Chat on India’s growth prospects
We decode the macroeconomic outlook for India, addressing: How India is navigating economic headwinds, The impact of tariff trends and trade policies, Key drivers of India’s growth story and policy reforms, and what lies ahead for investors, businesses, and policymakers.
Chat on Trump tariffs, lessons from the 1930s; how India can cope
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
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
The Many Challenges of Governing India
Neelkanth Mishra | Aug 30, 2022 Key policymakers NK Singh and PK Mishra have written an insightful book on the dos and don’ts This appeared in the Times of India on August 31, 2022 (link). How does the will of the people translate into action? In a fast changing world, how should the few acting … Read more
Chasing Certainty: 2012, 2021 & our future
Tax certainty is critical if the economy is to attract enough capital to grow at 7%-8% for decadesAugust 9, 2021, 9:04 PM ISTNeelkanth Mishra in TOI Edit Page (link) Hard as it is forming a view of the future, it is much harder acting on it and deploying capital, especially as businesses take many years … Read more
The missing learning curve
We need to build institutional memory, improve decision-making. Let’s start with dataWritten by Neelkanth Mishra | July 3, 2017 1:48:55 am (This was published in the Indian Express: link) Humans have incredible powers of learning and adaptation. Every few years, looking back, one feels the younger version of oneself was so unwise. But as human … Read more
Risk and some disorder
There had been a clamour for radical reforms. Demonetisation shows what real reforms feel like.Written by Neelkanth Mishra | Updated: November 16, 2016 5:07:57 am (This was published in the Indian Express: link) The announcement that currency notes of Rs 500 and Rs 1,000 denomination would no longer be legal tender brings down the currency … Read more
The Uday plug-in
Why criticism of the Ujwal Discom Assurance Yojana is misplaced and unwarranted.Written by Neelkanth Mishra | Updated: March 17, 2016 12:03:59 am (This was published in the Indian Express: link) The Ujwal Discom Assurance Yojana (Uday) has been the subject of much debate in the financial markets. The cost of borrowing for state governments has … Read more