Labor market regulation is a high-profile, and often contentious, area of public policy.
Although these regulations have been studied most extensively in developed countries …

Labor regulations in India differ by states and apply differently across types of laborers. The
most restrictive laws make it harder to fire permanent workers for firms. However, these laws …

Despite witnessing a decade of rapid economic growth, an acceleration of growth in the
organised manufacturing sector has eluded India. Using state-level data from the Annual …

This document describes and discusses a new supply side framework that quantifies the
impact of structural reforms on per capita income in OECD countries. It presents the overall …

Faced with easier access to foreign technology and imported capital goods, firms in India's
organized manufacturing sector adopted advanced techniques of production leading to …

The manufacturing sector has contributed little to income growth and its share in total
merchandise exports has been declining. Manufacturing has not brought much new …

Using state-level data from India over the period 1983–2005, this paper shows a strong
negative relationship between financial depth (as measured by credit volume) and rural …

This paper gauges the effect of financial deepening and bank outreach on informality using
micro data from the Indian manufacturing sector and exploiting cross-industry variation in the …

This article uses a micro‐level data set to investigate the effect of C hina's L abor C ontract
Law, implemented in 2008, on the C hinese labor market. Our empirical evidence shows that …

We offer special thanks to Noshir Kaka, McKinsey's India managing director, and Adil
Zainulbhai, former chairman of McKinsey in India, for their thoughtful guidance and …