ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles By Beena P L

Innovations and Firm Performance in Informal Manufacturing Enterprises

Based on an empirical analysis of 300 informal manufacturing firms in the National Capital Region of Delhi, the paper finds that innovative firms exhibit higher productivity growth and sales growth, underscoring the significance of the local market for informal manufacturing enterprises. This paper further provides empirical evidence on the firm-level innovations and their implications for the informal sector, which is the key source of employment, livelihood, and social transformation.

 

Outward FDI and Cross-border M&As

Although the new foreign direct investment policy and other policy packages, including “Make in India,” is expected to tap more foreign savings and better technology and transform the Indian economy into a manufacturing hub, most successful firms are investing abroad. Given this context, this paper makes an effort to understand the trends and nature of outward foreign direct Investment by Indian firms and their implications. The paper argues that though the Indian overseas acquiring manufacturing firms perform relatively better than their counterparts, its adverse impact on the trade deficit and balance of payments need to be tackled.