India has undertaken extensive reforms in its manufacturing sector over the last two decades. However, an acceleration … of growth in manufacturing, and a corresponding increase in employment, has eluded India. Why have the reforms not … 1980-2004, we analyze the effects of the reforms that liberalized India's industrial licensing regime on the performance of …

and operate on international markets) on the productivity dynamics of enterprises. Using a unique balanced panel of 681 … show that exposure to deep reform have lead to higher productivity realisations while remaining under state ownership …