Fears that the movement to GST would add to inflation have been unfounded. In this study we ex-ante estimate the impact the movement to GST would have on inflation and show that it would be very marginal at best. The inflation argument to have multiple rates is therefore weak. The impact on the...

Gujarat has attracted more foreign direct investment (FDI) than what its GDP size alone would suggest. But relative to its peer states (especially Tamilnadu, Delhi, Maharashtra and Karnataka, and possibly Andhra Pradesh) it has fallen short significantly. The above findings which we made in an...

Special economic zones following the enormous success of China have been widely imitated. But it is to be entirely anticipated that the results would vary greatly. Earlier avatars of SEZs in the form of Foreign Trade Zones (FTZs) and Export Promotion Zones (EPZs) were important in the export led...

We discuss the determinants of FDI over the regions of a large economy like India, and develop a framework drawn from the advantage concept of Kindleberger and from location theories rooted in regional science. We specifically use Stephen Hymer's understanding of the parallels and relationship...

We propose a mechanism that uses the financial markets to mobilize the resources of a large population of investors, to revive the impaired assets in the real sector in India today. This should also allow the economy to escape from the strangle hold of the “doom loop”, in which the financial...

Karuturi Global Ltd. (KGL) is an Indian MNC which expanded overseas and has developed as one of the world's top 25 transnational corporation in less than 15 years of its incorporation. It is one of the leading producers of cut roses with operations in Ethiopia, Kenya, Netherlands and India....

The study analyzes the relationship between outward foreign direct investment (OFDI) stocks pertaining to 34 OECD source and 160 destination countries. The principal findings are: (i) The gravity model variables explain nearly 50 per cent of the variation in the OFDI stock. (ii) Common language...