Due to a legal challenge, there was a staggered introduction of fast track debt recovery tribunals (DRTs) across the states of India in the 1990s. Exploiting this plausibly exogenous variation in the efficiency of debt contract enforcement and using detailed information on product lines produced...

Finance for micro, small, and medium-sized enterprises (MSMEs) has been a concern for all stakeholders including entrepreneurs, financial institutions, and government organizations. The key objective of the study was to identify various challenges faced by MSMEs in sourcing of finance during...

Grameen replicators in India, using a for-profit Non-Banking Finance Company legal form, have grown rapidly in terms of client numbers. Loan sizes are relatively small compared to per capita income, while portfolio quality was until recently very high. There is evidence in field of multiple...

Small scale industries play a predominant role in Indian economy in terms of output, employment and exports. The discussion on new economic policies has been mostly on the effect on large industries and foreign direct investment. In addition to changes in the industrial policy effecting the...

This paper analyzes the firm size distribution of Micro, Small and Medium Enterprises (MSME) using a nationally representative survey of unregistered firms in India that were collected as a part of the 3rd MSME Census in 2002. We find that the firm size distribution for younger firms is skewed...

The importance of services inputs in enhancing manufacturing productivity and competitiveness has been well documented in the literature on global value chains and economic development. In this context, we investigate the nature and strength of the interlinkage between the services and...