Tag Search: “firms”
India’s new labour codes: A pre-condition for long-run growth
The Ministry of Labour and Employment has recently notified four new labour codes, which are expected to be implemented from April 2021. Assessing the impact of the policy changes around hiring-and-fi...
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Aakanksha Shrawan
11 March, 2021
- Perspectives
‘Outside’ managers’ productivity, firm dynamics, and economy growth
In developed countries, many industrial giants have humble beginnings as small, family-owned businesses, but nonetheless expand to hundreds of thousands of employees over time by relying on professio...
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Ufuk Akcigit
Harun Alp
Michael Peters
26 February, 2021
- Articles
Import competition, formalisation, and role of contract workers
Given the recent expansion in the participation of developing countries in global trade, it is important to understand the role of trade in the composition of employment in these countries. Analysing ...
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Pavel Chakraborty
Rahul Singh
Vidhya Soundararajan
27 January, 2021
- Articles
Expectations, wage hikes, and worker voice
Understanding how exit decisions of workers are affected by their ability to voice their concerns, is a central question in labour economics. Based on an experiment in 12 garment factories in Karnatak...
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Achyuta Adhvaryu
Smit Gade
Teresa Molina
Anant Nyshadham
11 January, 2021
- Articles
What pay ratios in NIFTY50 companies tell us about income inequality in India
In the wake of the economic crisis triggered by the Covid-19 pandemic and associated lockdowns, demands for relief from the corporate sector were as vocal as those for affected workers. However, the s...
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Reetika Khera
Meghna Yadav
20 November, 2020
- Perspectives
Lead Bank Scheme: Does organisational design matter?
The Lead Bank Scheme of the RBI involves a ‘lead bank’ in each district of India that coordinates financial services in the district, and a ‘convenor bank’ in each state that monitors these activities...
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Samarth Gupta
26 October, 2020
- Articles
What would make India’s growth sustainable?
Much of the discussion on the economic slowdown in India in recent years – as well as on the government’s measures to tackle the present economic crisis due to the Covid-19 lockdown – is focused on th...
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Maitreesh Ghatak
Ashok Kotwal
Bharat Ramaswami
14 August, 2020
- Perspectives
Covid-19: Assessing vulnerabilities faced by microenterprises
In India, where microenterprises form a crucial foundation for livelihoods and employment, the effects of the Covid-19 lockdown can potentially be significant. Based on the first wave of a dynamic, mu...
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Sharon Buteau
Ashwin Chandrasekhar
31 July, 2020
- Notes from the Field
Does easing controls on foreign borrowing boost firm performance?
The literature shows that rigid capital-control policies adversely influence international trade, but overlooks the relationships among access to external financing, firm-level productivity, and expor...
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Udichibarna Bose
Sushanta Mallick
Serafeim Tsoukas
17 July, 2020
- Articles
The supply-side effects of India’s demonetisation
What were the effects of the 2016 Indian demonetisation that removed 86% of currency in circulation overnight, on the production side of the economy? By combining data from financial statements and su...
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Giri Subramaniam
03 July, 2020
- Articles
Covid-19 crisis and health of small businesses: Findings from a primary survey
In a recent statement, the Union Minister for micro, small, and medium enterprises, acknowledged that the sector is “battling for survival”. This article reports some key findings from a survey of mor...
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Shantanu Khanna
Udayan Rathore
17 June, 2020
- Notes from the Field
Perceived obstacles among Indian firms: What happens to innovation efforts?
For countries like India where large numbers of small- and medium-sized firms cannot access formal credit and face widespread bureaucratic corruption, long-run survival and consequent distributional i...
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Hamid Beladi
Nabamita Dutta
Saibal Kar
10 June, 2020
- Articles