Recent researches for developing countries suggest knowledge generating activates is no silver bullet for productivity growth. In this context, this paper examines the impact of R&D activities on firms’ performance for the Indian pharmaceutical industry by utilizing the data of the post reform...

The issue of black economy is a hotly debated issue in India and it has been the key target of policy action from last four decades. The debate is further fueled by demonetization of higher currency notes in the country. In this context, we estimate the size of black economy in India for the...