This paper explores the relationship between local banking development and the growth of the manufacturing sector using district-level data from India. The results show that banking development at the local level is important for the growth of manufacturing in the region. We find that sector-specific credit, and not the total credit in the district, has a positive impact on local manufacturing output; suggesting that sector-specific lending technology is important. Further, we find that the constraints due to credit availability for manufacturing are lower in districts with higher literacy levels.

中文翻译：

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本地银行业和制造业增长：来自印度的证据

本文使用来自印度的地区级数据，探讨了当地银行业发展与制造业增长之间的关系。结果表明，地方层面的银行业发展对该地区制造业的增长非常重要。我们发现特定部门的信贷，而不是该地区的总信贷，对当地制造业产出有积极影响；表明特定部门的贷款技术很重要。此外，我们发现，在识字水平较高的地区，制造业信贷可用性的限制较低。