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Tag Search: “firms”

Implicit costs of factor allocation for Indian firms

Looking at variations in factor misallocation across states, Chaurey et al. measure trends in factor adjustment costs incurred by firms between 1999 and 2014. They find that adjustment costs for labou...

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Formalisation of informal manufacturing enterprises in India

Employment in India’s organised manufacturing sector has grown rapidly since 2004. This article finds that about 15% of this growth can be attributed to the formalisation of previously informal enterp...

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Creative destruction and catch-up growth in India

In this post, Peters and Zilibotti compare the size of firms in India and the US, and find that the 90% of firms in India have four employees or less, and attribute it to the absence of creative destr...

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The role of political connections of firms during a crisis

Research has shown that political connections matter for a firm during times of economic crisis. This article refers to a unique data set of political connections of firms in India, and finds that fir...

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Opportunities, risks and realities of India’s participation in global value chains

Despite its manufacturing capability, India, unlike other Asian countries, has failed to integrate into global value chains (GVCs). In this post, Karishma Banga discusses the nature of India’s GVC int...

  • Perspectives

How NBFCs are reinventing MSME finance

Even though micro and small enterprises make up over 99% of MSMEs in India, they receive a relatively small proportion of bank credit. Chandra and Muthusamy look at how lending to MSMEs has evolved ov...

  • Perspectives

The role of cities in ensuring good jobs

In light of India's rapid urbanisation, Rana Hasan looks at various factors which set large cities apart from smaller cities and rural areas: more job opportunities, higher wages, large manufacturing ...

  • Perspectives

Changing the frame: Making small firms compete like large ones

Although small firms have natural advantages, they face constraints when it comes to reach and scale; this prevents them from competing with larger firms. Pankaj Chandra shares business models from It...

  • Perspectives

Has the export-oriented manufacturing model reached its sell-by date for India?

As India faces the challenge of creating millions of well-paying jobs for its rapidly growing working-age population, Devashish Mitra analyses which sectors and what strategies can provide these good ...

  • Perspectives

Barriers to upgrading in developing countries

In recent decades, several countries have seen rapid development, aided in part by the adoption of advanced technologies. In this post, Eric Verhoogen looks at recent research to highlight the factors...

  • Perspectives

The effect of easing labour restrictions: Evidence on employment in Rajasthan

Stringent labour laws in India can hinder firms’ growth and increase the incidence of informal and contract employment. Looking at evidence from firms in Rajasthan after the amendment of the Industria...

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The future of work from home

With the outset of the Covid-19 pandemic, work from home became the norm in 2020. However, even though mobility restrictions have been lifted, many workplaces all over the world continue to follow a m...

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