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Ashok Kotwal
The challenge of job creation
Posted on: 15 Dec 2017
The process of economic transformation that entails labour transitioning from low- to high ... read on »
GST Explainer: Introduction
Posted on: 16 Oct 2017
Seventeen years after its framework was formed, India’s biggest tax reform – the goods and ... read on »
Introducing a new feature: ‘Explainers’
Posted on: 16 Oct 2017
Our day-to-day lives are tossed around due to economic changes, resulting sometimes from g ... read on »
On demonetisation
Posted on: 23 Dec 2016
On the evening of 8 November, the Prime Minister announced on national television that Rs. ... read on »

Tag: SME

Is small beautiful? A critical evaluation of MSME policy and performance in India
Shromona Ganguly
Posted on: 12 Dec 2017
Topics:   Economic Growth , Jobs


Micro, small and medium enterprises (MSMEs) have significance in a labour-abundant country like India, and various policies are in place to promote the sector. Analysing MSME data from various sources, this column shows that the structure of manufacturing MSMEs has changed significantly in the last decade: the share of capital-intensive industries in output has increased; labour productivity remains very low with possible replacement of labour with capital.
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Where will jobs in manufacturing come from?
Radhicka Kapoor
Posted on: 23 Jan 2015
Topics:   Jobs


Conventional wisdom suggests that labour-intensive, small industries are critical for generating employment. However, this column argues that policies favouring one type of industry over another - labour-intensive over capital-intensive, or SMEs over large enterprises - will not create the jobs the country needs. Rather, the key is to encourage new firms to enter manufacturing and to provide an enabling environment for businesses to expand.
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Can SMEs drive India’s growth?
Pronab Sen
Posted on: 12 Feb 2014
Topics:   Economic Growth


Investment, particularly by the corporate sector in India, drove high growth rates during 2003-2009. Given the expected slow and weak recovery of the global economy, Indian corporates are unlikely to be able to lead the process of growth revival. This column argues that under the right circumstances and with proper policies, the dynamism of the Small and Medium Enterprises sector can ensure growth rates of 7% and above.
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