Using information on listed firms in each of the industry groups at the two-digit level within Manufacturing this study investigates whether the radical shift in trade policy in India in 1991 resulted in a reduction in market power and/or an improvement in scale efficiency. They estimate a...

This paper investigates the relationship between the policy regime and growth during 1950-64 termed here ‘the Nehru era’. While there exist valuable early appraisals of the period, access to new data and fresh information allows for a longer and comparative view of the outcome. [WP...

Apart from the episode of the mid-sixties, macroeconomic crises have not played a major part in India's economic development. A certain sort of stability had accompanied the lack-lustre growth of the economy. Through the Eighties, while many of the economies of the developing world were being...