“Impact of Global Financial Crisis on India: an Analysis of Large Exporters in Indian Manufacturing” by Ms. Mitali Chaterjee

pictureMs. Chaterjee will present a paper that examines the impact of the Global Financial Crisis of 2008-09 on Indian manufacturing firms, using data from the Centre for Monitoring Indian Economy (CMIE) Prowess database. While the crisis did not have its roots in India, the economy and firms were affected mainly due to trade linkages with other affected countries. Since trade acts as a transmission mechanism for the spread of crisis, it is expected that exporting firms will be affected more severely than non-exporting firms as a result of crisis. Ms. Chaterjee and her fellow investigators test this hypothesis at the aggregate and dis-aggregate level and find that while crisis affects all firms, the magnitude of this impact is higher for exporting firms. However, even within the group of exporters, this impact varies significantly across firms and industries. Therefore, they analyze the firm level and industry level characteristics that contribute to this differential performance. Specifically, they analyze the role that trade exposure to crisis affected regions and degree of vertical specialization play in explaining the differential firm and industry level performance during crisis.

Ms. Mitali Chaterjee has done Economics Hons. From St. Xavier’s College, Kolkata, India followed by a Masters from Indira Gandhi Institute of Development Research, Mumbai, India. Currently she is pursuing her PhD at IGIDR, Mumbai under the supervision of Dr. C. Veeramani, Associate Professor, IGIDR. Her primary interests lie in the area of International Trade and Development Economics. She has presented papers at several national and international conferences such at The Indian Econometric Society (TIES) and South Asian Economics Students Meet (SAESM). She has also interned with the Reserve Bank of India and worked with ICICI Bank, Mumbai.

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