Page 2 - Neelkanth Mishra

How to open up?

To know where to go, we must know where we are; a nation-wide seroprevalence study may cost one-hundredth of the GDP it can help save

The indifferent market

The expectation that restrictions may last weeks and not months explains the market's apparent casual view of the pandemic

A virtuous cycle of entrepreneurship

According to the Credit Suisse Wealth Report 2020, after stagnating for several years, the number of millionaires in India rose rapidly in the two years before the pandemic

The start, not the end, of Unicorn seeding

Conditions are ripe in a broad range of sectors for strong growth and innovation

Progress comes in layers

The 'Silent Transformation of India' is now maturing, creating a fertile ground for growth of new businesses

India's changing corporate landscape

We are in the early stages of an extraordinary episode of rapid scaling up of new companies

Retail buys, but stake declines

Retail ownership of the BSE500 has fallen from 21 per cent in 2005 to 14 per cent now despite net buying

How much better can FY22 be?

FY22 was once projected to be 13 per cent higher than FY20. Can six months of lockdown bring growth down to 1 per cent?

The post-lockdown scars

As economic indicators and tax receipts improve, evidence of stress begin to appear too

After the storm: Taking stock of the economic scars of the pandemic

Now that the steep decline in economic activity is behind us, it is time to assess what parts of the economy have the worst scars

Are Covid and the economy still linked?

The pandemic, much less fatal than earlier feared, is now beyond control, but the economy can still be helped

The end of food inflation?

Improving efficiency in producing and converting edible calories when demand weakens could throw new social challenges

Stresses, known and unknown

Global financial market stress driving market volatility; economic impact of coronavirus and drop in oil prices remain uncertain

Some stability, but risks remain

With destocking over, growth is stabilising but its revival faces several pro-cyclical headwinds

The stimulus should be monetary, not fiscal

Fight against the last vestiges of inflation threatens to undo significant policy gains of recent years

What can be done to revive growth?

Economic growth solves many problems. Can lower interest rates help reverse the slowdown?

And now the inevitable pickup in investments

A 7 per cent GDP growth rate may be lower than what India aspires for, but over a five-year horizon this means 40 per cent higher demand

Restoring rural cash flows

Low food prices hurt cash availability in the rural economy, and loan waivers make that worse

Why consumption must slow down

GDP growth may get hurt too as a weaker currency and higher interest rates drag down consumption to bridge balance of payments deficit

Premature tightening: No reason for bond yields to stay at elevated levels

But waiting for the market to self-correct could be costly for the economy