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Manish Singh
Dr. Manish K. Singh studied economics and finance at the Barcelona Graduate School of Economics and received his doctorate in economics (specialisation in international economics) at the Department of Economic Theory, University of Barcelona. Before that he received the B. Tech. in Mechanical Engineering from the Indian Institute of Technology (IIT), Bombay. He is a certified Financial Risk Manager (FRM) by GARP. Currently, he is working as Research Economist at the Finance Research Group, IGIDR (Indira Gandhi Institute for Development Research). His main research interests are international finance, banking and sovereign default risk, fiscal imbalances, debt capital markets, and infrastructure financing. Besides his teaching and research, he also has a broad professional experience as a risk analyst for international bank and financial consulting companies.
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Firm survival in India: Status of firms formed over the last 30 years
The dynamic process of new firm formation and exit of weaker firms contributes to the evolution of industries and expansion of the economy. This article analyses the status of all new firms formed in India over 1981-2011, and their survival over time. It finds that, on average, roughly 45% of new firms survive more than 20 years. Apart from the surviving firms that are active, another 20% of the firms become dormant, which raises some concerns.
Firm formation in India: The last 40 years
Research shows that entrepreneurship or new firm formation can be an important driver of economic development. This article studies the extent of new firm formation in India over the last 40 years and documents patterns that emerge. It shows that new firm formation has steadily grown over the last 40 years implying shifting concentration of economic activity from a limited number of firms to a large number of new entrants.