Tag Search: “firms”

Infrastructure and economic growth: The role of airports

Given that banking sectors in low-income countries are inefficient, why don’t lenders from wealthier countries profitably lend to productive firms in these countries? One possibility is that foreign l...

  • IGC Research on India

The dangers that lie beneath India's IT layoffs

The ongoing layoffs in India’s IT sector are at a scale that has not been seen since the global financial crisis of 2008. In this article, Maitreesh Ghatak, Professor of Economics at LSE, contends tha...

  • Articles

Do firms in India perceive themselves to be e-ready?

Government of India’s ‘Digital India’ programme seeks to transform the country into a digitally-empowered society and knowledge economy. This column presents region-wise findings of a perception-base...

  • Perspectives

The historical roots of India's booming service economy

India stands out from other emerging economies because its growth has been led by the service sector rather than labour-intensive manufactures. This column summarises recent research showing that Indi...

  • Articles

Is the structure of Indian manufacturing geared towards job creation?

Government of India has envisaged adding 100 million jobs in manufacturing by 2022. This column finds that the structure of the country’s manufacturing sector is misaligned with the objective of job ...

  • Articles

How did de-reservation of small-scale industry affect employment?

To protect small, labour-intensive manufacturing enterprises and boost employment, the Indian government reserved certain products for exclusive production by such enterprises. This policy was gradual...

  • Articles

Food processing industries: Lessons from Bihar

For an industrially backward state like Bihar, placing food processing as the lead sector for industrial development is a natural choice from the perspective of resource advantage and interlinked sect...

  • Articles

How do electricity shortages affect industry in India?

Poor electricity supply is widely recognised as a key impediment to firm growth and productivity. This column finds that average reported level of electricity shortages in India reduces annual plant r...

  • Articles

GDP conundrum: Some areas of concern around growth overestimation in Indian manufacturing

Based on the new GDP series, large upward revisions in manufacturing growth rates were made – from 1.1% to 6.2% in 2012-13, and from -0.7% to 5.29% in 2013 – 14 that were not reflective of the actual ...

  • Perspectives

Assessing the impact of listing on access to finance for small and medium enterprises

Small and medium enterprises are globally viewed as an engine of economic growth. However, growth in this sector is often limited by access to external finance due, in part, to SMEs being informationa...

  • IGC Research on India

Nobel prize in Economics 2016: The economy as a nexus of contracts

An important line of research in microeconomics has tried to explain how the economic institutions that underpin the ‘invisible hand of the market’ actually work. The specific economic institution tha...

  • Perspectives

Nobel insights: When it comes to contracts, what's obvious may not be optimal

In a tribute to Oliver Hart and Bengt Holmström, recipients of this year’s Nobel prize in Economics, Rohini Somanathan, Professor of Economics at Delhi School of Economics, outlines their contribution...

  • Perspectives