This paper analyses the reasons behind India lagging behind East and South East Asian economies in participating in international production networks, on which growth in manufacturing has become increasingly dependent in the contemporary world. Since multinational firms are the main coordinating...

A number of economic theories suggest that barriers to competition lead to higher levels of inefficiency among incumbents. In this paper, we use a detailed plant-level dataset to study the impact on productivity of two reforms (initiated in 1991) aimed at increasing product market competition in...

For over several years, since 2007, India and the European Union (EU) have been negotiating a free trade agreement (FTA). The nation is trying to tie-up the largest trade and investment deal. It deals with the liberalisation of goods in trade, the deregulation of services, investment and...

The regulatory environment in a country is an important factor that affects firm performance. This study investigates the impact of a particular regulation - license requirements for certain firm activities - on the innovation performance of Indian firms in the 1990s. Using a unique firm-level...

Industrial transformation of Asia arguably constitutes the most surprising and dramatic change in the global economy in the last fifty years. This paper provides an outline of some of the most important trends of this development and analyses selected national industrial policies that promoted...

India stands apart when compared with many others developing countries in terms of its long standing history of supporting the small scale industries (SSI) through reservation of product items for the SSI. Despite all these, the performance of the MSME sector in India remained subdued. In the...

Inspired by Soviet industrialization and post-World War II focus on state-led development, the Indian state aimed to restructure production towards the capital-goods producing sectors. To what extent did the Nehru-Mahalanobis targeting of heavy industries during the Second Five-Year Plan in...

India has a large positive trade balance in the apparel sector and is ranked among the top 10 apparel exporting countries. However, of late, its export growth has stagnated and the country is facing competition in key export markets such as the United States and the European Union from other...

India's graduation from the ranks of low-income countries, making it ineligible under the WTO rules to grant export subsidies on manufactures has thrown up a new policy challenge. In this context, this paper argues for the government to rethink its export incentives programme altogether and take...

This paper analyzes if the industrial policy framework of the Indian Government with regard to the proliferation of SEZs has satisfied its aims and objectives. The analysis however, shows otherwise. The empirical results show that the policy of the Indian Government has been lopsided, wherein...