We use a new machine learning-enabled, social network based measurement technique to assemble a novel dataset of firms' political connections in India. Leveraging this data along with a long panel of detailed financial transactions of firms, we study how political connections matter during an...

This study uses data from a survey of micro, small, and medium enterprises in India to document the impact of COVID-19 containment lockdowns on firms, their responses, and adaptation strategies. We find that profits and sales of the majority of firms declined substantially. Temporary closures,...