Piecing together disparate data for economic and market insights
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
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
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
Main points made:1. Important to predict what is likely to happen rather than what should happen 2. More than in normal years, significant uncertainty in nominal GDP growth assumption for FY22. The right measure would be to compare FY22 real growth over FY20 – current consensus assumptions are too low. If one takes +5%, FY22 … Read more
Since demonetisation, 10.1 mn new taxpayers have filed returns, versus an average of 6.2 mn in the prior 13 monthsNeelkanth Mishra | Last Updated at January 30, 2018 12:47 IST (This was published in the Business Standard: link) The Economic Survey 2018 (ES) is not really a precursor to the Union Budget 2018; that is, … Read more
As the GST subsumed taxes that added up to 40% of India’s total tax take, achieving ‘revenue neutrality’ is criticalNeelkanth Mishra | Last Updated at December 4, 2017 23:24 IST (This was published in the Business Standard: link) It is now obvious to most that getting the goods and services tax (GST) started was only … Read more
Giving money away is not easy, even if it is to the government in lieu of essential servicesNeelkanth Mishra | Last Updated at November 6, 2017 23:28 IST (This was published in the Business Standard: link) Crowd control is as much about psychology as it is about hard policing. If 5 per cent of the … Read more
The 40-plus days of advance notice should be a relief for corporates and enterprises, he saysNeelkanth Mishra | Last Updated at August 2, 2017 02:28 IST (This was published in the Business Standard: link) While it was known for a while that the GST Council was going to finalise the rates in their May 18-19 … Read more