Using panel data for 137 three-digit industries for 1980/81 to 1997/98, the paper examines the effect of trade liberalization on price-cost margins in Indian industries. An econometric model is estimated to explain variations in price-cost margins, taking tariff and nontariff barriers among the...

Using Periodic Labour Force Survey (PLFS) data, after making appropriate adjustments, we estimate that employment in India’s unorganized or informal manufacturing fell by 2.5 to 7.5 per cent in 2020-21, reflecting the impact of COVID-19. In the previous eight years, the average rate of fall in...