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...

The study examines knowledge spillovers from multinational firms in the Indian pharmaceutical industry. Specifically, we examine whether FDI catalyses diffusion of knowledge transfer from multinational firms’ R&D activities during 2000-01 to 2019-20 and four sub-periods of five years each. The...

Liberalisation of outward FDI (OFDI) in India at the beginning of this millennium had resulted in a spurt in OFDI flows from India. Automotive was one of the leading sectors of origin of OFDI. Interestingly, it was also found that nearly half of the total innovation-oriented greenfield...

There is a growing concern among economists regarding the use of R&D and patents in innovation literature as a reliable and meaningful measure of innovative performance. In this study, the trends in different conventional indicators of measuring innovation are examined to check their relevance...

The empirical evidence on the association between labour market flexibility and R&D activities of firms is limited only to developed economies. In this research note, we examine the relationship between labour market flexibility and the R&D decisions of firms in India's organised Manufacturing....

Analysing the future path of an uncertain industry is fraught with risk. We decided to do that. Mobile Value Added Services (VAS) is a rising star in the fast growing wireless business. The growth of this new industry has attracted a wide category of entities right from wireless operators to...

In this paper, we investigate expenditure on R&D activities and its determinants in the organised manufacturing sector. We use balanced panel data drawn from the Indian Annual Survey of Industries (ASI) for the years 2015-16 to 2017-18 that has information on firms’ major characteristics and...

The outbreak of COVID-19 in Wuhan, China and the lockdown that followed had disrupted the supply of APIs and their intermediates and starting materials to India, leading to a temporary restriction on export of certain medicines from India. The PLI scheme that was announced subsequently aimed at...