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Tag Search: “firms”

Justice delayed is development denied: The effect of slow courts on economic outcomes in India

India's formal judicial system is infamously slow, even for a developing country. What is less well established is whether this matters to economic outcomes. This column uses state-level variation in ...

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Analysing worker responses to a contract change

Higher-powered incentives are generally believed to increase worker productivity. In the context of an Indian tea plantation, this column examines a contract change wherein baseline wages were increas...

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A comparison of automobile industries in India and China

The automobile sector in both India and China developed due to waves of investment in these countries since the late 1980s. This column discusses how India’s automobile sector has grown differently fr...

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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 firm...

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Are small and medium enterprises constrained by the inability to raise funds from the equity markets? Evidence from the creation of a new platform in

Small and medium enterprises employ 40% of India’s workforce, and account for 45% of the manufacturing output and 40% of the total exports of the country. However, productivity in the sector is very l...

  • IGC Research on India

Markups and capital misallocation: A trade-off? Evidence from the Indian manufacturing sector

Capital misallocation in India has continuously increased over the past two decades, despite extensive liberalisation. At the same time, the importance of financial frictions for the Indian economy ha...

  • IGC Research on India

What does China’s ‘new normal’ mean for India?

China’s new normal – a growth rate of at least 6.5% - has been set as a target in its 13th Five Year Plan. In this article, Sharmila Kantha, Principal Consultant, Confederation of Indian Industry, con...

  • Perspectives

Indo-Korea trade pact: Harnessing the potential in services

India and Korea signed a Comprehensive Economic Partnership Agreement (CEPA) in 2009, which resulted in an increase of 42% in bilateral trade between 2009-10 and 2012-13. This column examines the CEPA...

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Why outward FDI should be encouraged

The ‘Make in India’ programme seeks to incentivise global investors to manufacture in India. In this article, Natasha Agarwal, an independent research economist argues that efforts should also be made...

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Trade liberalisation and intergenerational occupational mobility in urban India

While the trade reforms of the 90s led to a rapid increase in trade in India, there are concerns regarding the likely impact of the reforms on inequality. This column shows that innovation induced by...

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India-ASEAN economic linkages: Challenges and way forward

India’s ‘Look East’ policy picked up steam with the conceptualisation of the Indian-ASEAN Free Trade Agreement in 2003. This column analyses the broad trends in India-ASEAN trade over the past decade,...

  • Perspectives

How foreign inflows impact Indian manufacturing firms

In the past few decades, India has emerged as one of the preferred destinations for foreign investors, with the manufacturing sector receiving a substantial proportion of total capital inflows coming...

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