Investments in public infrastructure is a key component of economic growth strategy among emerging economies, and a particular focus of the Modi government. In general, policymakers and financial…

Sumit Agarwal, Abhiroop Mukherjee, Lakshmi Naaraayanan |

In 2008, one year ahead of national elections and against the backdrop of the 2008–2009 global financial crisis, the government of India enacted one of the largest borrower bailout programs in…

Xavier Gine, Martin Kanz |

In a new paper, we address this question using detailed manufacturing census data from India. India offers an ideal laboratory for testing the role of institutions on firm lifecycle given the…

Asli Demirgüç-Kunt |

The first IFMR Financial Systems Design Conference was held in Chennai on August 5th and 6th, 2011. Hosted by IFMR and IFMR Finance Foundation, the conference aimed to take a step back from…

Bindu Ananth |

Ask small farmers in semiarid areas of Africa or India about the most important risk they face and they will tell you that it is drought. In 2003 an Indian insurance company and World Bank experts…

Xavier Gine |

How much does management matter for economic performance? Despite a large industry of business schools, consulting firms, and airport books purporting to teach you the secrets of good management…

David McKenzie |

Financial literacy has become an immensely popular component of financial reform across the world. As a response to the recent financial crisis, the United States government set up the President’s…

Bilal Zia |