Das, Abhiman; Ghani, Ejaz; Grover, Arti; Kerr, William R.; … - National Bureau of Economic Research - 2023
We use data from Reserve Bank of India to study the impact of India's Golden Quadrilateral (GQ) highway project on finance-dependent activity. Loan volumes increase by 20-30% in districts along GQ and are stronger in industries more dependent upon external finance. Loan growth begins with...