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Arti Grover Goswami
Arti Grover Goswami is a consultant Economist at the World Bank. Arti specialises in international trade issues, especially services trade from developing countries, bilateral labour agreements and regional and spatial economics issues. She has experience working with several countries in Asia, Latin America, Europe and Africa. Arti has co-authored two books on services trade and has published several of her research in peer reviewed journals. Prior to joining the World Bank, she was a Doctoral Fulbright fellow at Princeton University and a Lecturer at the Delhi School of Economics.
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The Golden Quadrilateral: Highway to success
The Golden Quadrilateral, which connects four major cities in India, is the fifth-longest highway in the world. This column presents research that finds that by improving connectivity, the highway has helped with the efficient distribution of industries across locations. It has facilitated the shift of land and building intensive industries from the core to peripheries of cities, and has made medium-sized cities more attractive locations for manufacturing activity.
India's energy efficiency
India is the fourth largest energy consumer in the world but is not well endowed with energy resources, making efficiency in energy use very important. This column analyses the spatial dynamics of electricity usage in India’s manufacturing sector. Such an understanding can help in defining a more focused and targeted energy policy.
Is India's manufacturing sector moving out of cities?
While urbanisation is moving ahead at a rapid pace in India, industrialisation has slowed down. What explains this disconnect between urbanisation and infrastructure? This column presents results of a study that suggests that the formal manufacturing sector is moving from urban to rural locations, and the informal sector is moving from rural to urban locations.
Land and financial misallocation in India
Optimising the allocation of factors of production – land, capital and labour - improves productivity. In India, where evidence suggests land is severely misallocated to inefficient manufacturing firms, access to financing is disproportionately tied to access to land. This column examines the link between the misallocation of land and access to capital through financial markets. A very strong positive correlation emerges between the two, consistent with the fact that land and buildings can provide strong collateral support for accessing finance from the credit market.