Neelkanth Mishra

India must invest in deep tech, not rely on global trends: Neelkanth Mishra

India cannot rely solely on world trends and must instead build a domestic innovation ecosystem, invest in deep tech capabilities, and develop globally competitive products across strategic sectors, senior economist Neelkanth Mishra said on Saturday. He was speaking at the 15th convocation ceremony of the Indian Institute of Technology Gandhinagar (IITGN). Mishra, the chief economist at Axis Bank and chairman of Unique Identification Authority of India, spoke about the economic opportunities in the country, the challenges of escaping the middle-income trap, and the need for India to become a technology and product-driven nation. "India cannot depend on global trends or foreign technology alone but has to build its own innovation ecosystem, invest in deep tech capabilities and develop globally competitive products across multiple strategic sectors," an official release said, quoting Mishra. The chief guest said the future of India will be shaped not just by policymakers and economis

Who is Neelkanth Mishra, India's new Executive Director at World Bank?

The Axis Bank chief economist and EAC-PM member will serve a three-year term at the World Bank headquarters in Washington DC, succeeding Parameswaran Iyer

Economist Neelkanth Mishra appointed World Bank Executive Director

Economist Neelkanth Mishra was on Thursday appointed as Executive Director of the World Bank in the US for a tenure of three years. He will succeed incumbent Parameswaran Iyer, a 1981 batch retired Indian Administrative Service (IAS) officer of Uttar Pradesh cadre. Iyer was appointed to the post in February 2023. The Appointments Committee of the Cabinet (ACC) has approved Mishra's appointment as Executive Director, World Bank Headquarters, Washington DC, USA, for a tenure of three years from the date of assumption of charge of the post, a Personnel Ministry order said. Mishra is a part-time member of the Economic Advisory Council to the Prime Minister (EAC-PM), an independent body constituted to give advice on economic and related issues to the Central government, specifically to the prime minister. A gold medallist from the Indian Institute of Technology, Kanpur, Mishra is the Managing Director and Co-Head of Equity Strategy, Asia Pacific, and the India Strategist for Credit Sui

RBI should focus on liquidity if it wants to support growth: Mishra

Mishra's comments come at a time when the banking system liquidity has been in deficit for the last nine weeks

Chinese investment can be important source of capital: Axis Bank economist

Neelkanth Mishra, the chief economist of Axis Bank, who is also a member of the Economic Advisory Council to the Prime Minister, on Friday advocated India to tap more in investments from China. Comparing the situation with Japan of the 1980s, Mishra said India's northern neighbour will be "spewing out" a lot of capital given the very low yield of 1 per cent on government bonds and a negative foreign direct investment. Mishra, a part-time member of the EACPM, acknowledged the sensitivities involved given the frosty ties between India and its northern neighbour, and also pointed to the "Press Note 3" of 2020 attempting to restrict flows from China. "...if there are funds, and we already have like China Light and Power owns power plants in India. So it's not that we haven't seen that, but (Chinese) can be a very important source of capital," Mishra said while speaking at a conference organised by the Sebi-promoted NISM here. Drawing parallels with Japan, Mishra said in the 1980s, Japa

Market outlook 2024: Over to the interim Budget, general elections

The only concern for the markets, analysts say, is whether the cumulative rate hikes executed across the globe would lead to growth slowdown, or will the global economy recover significantly

Axis Bank's Neelkanth Mishra appointed as UIDAI's part-time chairman

The chairperson and the members appointed under the Aadhaar Act hold office for a term of three years or up to the age of sixty-five years, whichever is earlier

Neelkanth Mishra resigns from Credit Suisse, to head research at Axis Bank

He is part of Indian Prime Minister Narendra Modi's Economic Advisory Council and head of research at Credit Suisse's local unit, according to the bank's website

Falling P/E may cap returns in 2023: Credit Suisse's Neelkanth Mishra

Credit Suisse expects domestic earnings to grow 15 per cent over the next one year and market returns could be in line with that

Credit Suisse downgrades India to underweight on soaring crude oil prices

Brent crude of $120 a barrel, Credit Suisse estimates, could add $60 billion to India's import bill. Price rises for gas, coal, edible oils and fertilisers could add another $35 billion.

Meanwhile, the good news: A look at another side of the India story

T N Ninan looks at Credit Suisse India Strategist Neelkanth Mishra's four-part article series in Business Standard and how it spells hope at a time when a health care crisis has pervaded the country

'Disconnect between markets and the reality of on-ground Covid situation'

Given the weak domestic cues, leading experts see more volatility over the next few sessions

Not turning lower inflation into low interest rates hurting growth: EAC-PM

Efforts should be mounted to lower the interest rate burdens for borrowers, and RBI's pause had a "terrible" effect of costs for a third of borrowers going up by 0.25 per cent

Govt expands PM's Economic Advisory Council; appoints 3 part-time members

A notification by the Cabinet Secretariat announced the addition of Neelkanth Mishra, Nilesh Shah, Anantha Nageswaran's names as part-time members of the EAC-PM

Markets should do well if there is no global crisis: Neelkanth Mishra

Interview with Managing director, Equity research at Credit Suisse