Creating Jobs: Is Small Beautiful?
Episode Description
A study on small and medium enterprises in India demolishes some myths about job creation. 📂 Public Policy 🏷️ Research
Brief Summary
Indian policies favoring small firms hindered employment growth; young and larger firms drive job creation instead.
Key points
- Unexpected Findings on Employment Growth. Research shows that removing restrictions on small firms led to faster employment growth in India.
- Youth and Larger Firms Drive Growth. Younger and larger firms are key innovators and sources of employment in India.
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Episode highlights
- Unexpected Findings on Employment GrowthResearch shows that removing restrictions on small firms led to faster employment growth in India.“The result is quite surprising: employment and wages grew faster once these restrictions were removed.”1:35Dec 3, 2014
- Youth and Larger Firms Drive GrowthYounger and larger firms are key innovators and sources of employment in India.“It's the young larger firms that are more likely to generate employment growth.”2:49Dec 3, 2014
