Top Research Papers on Finance in India

Purpose: As a result of limited financial resources, agriculture has been plagued by a lack of profitability. Diverse policy initiatives have been made to improve access to finance, including: Affordability has always been an issue for policymakers in India, and it will continue to be. As the title suggests, the aim of this study is to explore the requirements and policy interventions in the domains of farm financing. Design/Methodology/Approach: Attempts are made in this article to examine the government’s agricultural policy measures in this country. Information for the article was culled fr...

Housing is a major pre-requisite of human life. So, housing development and housing finance are the governmental priorities worldwide, and Government of India (GOI) is no exception. In India ‘Affordable Housing for All’ has been a national goal since 2017. Though this national goal was supposed to be attained by 2022, it could not be attained, partly because of the crisis due to the global pandemic, Covid-19. The revised target of the GOI is 2025. This paper looks into the major players in the housing finance market viz. Commercial Banks (CBs) and HFCs and their role in attaining the national ...

Agricultural finance has come a long way in the past 15 years. After the concerted efforts of GOI, supported by RBI and NABARD, towards doubling of agricultural credit flow in 2004¬¬¬¬--2005, the growth in credit flow to the sector has been robust with an impressive CAGR of 18% between 2004--2005 and 2019--2020. While outreach increased, the Terms of Trade (Farmers and Non-farmers) has largely been on a declining trend, reflecting the underlying stressed conditions in farming. There is a challenge of inclusion, where small and marginal farmers continue to struggle for suitable and affordable c...

This paper deals with the developments in green finance in India as well as globally. Variety of data sources have been used to assess both the extent of public awareness and financing options for green projects. The findings conclude that while there have been improvements in the public awareness and financing options in India, a reduction in asymmetric information through better information management systems and increased coordination amongst stakeholders could pave a way towards a greener and sustainable long term economic growth.

S OF DOCTORAL DISSERTATIONS THE ROLE OF INTERNAL CONTROL AND FIRM-SPECIFIC CHARACTERISTICS ON FIRM VALUE Anju Kalluvelil Janardhanan BUSINESS RESPONSIBILITY REPORTING PRACTICES IN INDIA Alok Kumar BIBLIOGRAPHY : PANDEMIC FINANCING CONFERENCE PAPERS DEALING WITH WORKPLACE ADVERSITY IN EMERGING MARKETS Himani Oberai, Sanjaya Singh Gaur and Anand Mohan Agarwal IMPACT OF INNOVATIONS IN INDIAN AND U.S. STOCK MARKETS ON FRONTIER MARKETS OF AFRICA, MIDDLE EAST AND SOUTH ASIA Risha Khandelwal, Thadavillil Jithendranathan and Kanhaiya Singh 317

S OF DOCTORAL DISSERTATIONS IMPACT OF GLOBAL RECESSION ON THE EXPORT PERFORMANCE OF APPAREL INDUSTRY IN TIRUPUR G. Yoganandan IMPACT OF FOREIGN EXCHANGE RATE FLUCTUATIONS ON STOCK PRICES IN SELECTED INDUSTRIES Roshan Kumar BIBLIOGRAPHY : INTELLECTUAL PROPERTY

This paper seeks to determine whether the current PFM system in India allows for capturing required nutrition data by mapping the availability and comparability of data for a set of key nutrition-specific interventions through the budget cycle: from budget formulation, to execution, and finally, evaluation.

The term microfinance is widely used to refer to institutions governing savings, credit, insurance and monetary payments by relatively poor people, including those regulated by both official laws and informal norms. Analysis of microfinance is widely framed as a purely micro issue, centered on the motivation and behavior of specific users and providers. However, such analysis is almost invariably located - whether explicitly or implicitly - in a wider view of how the state, markets and society institute poverty. In India as elsewhere, for example, private microfinance organizations is viewed p...

This paper provides an overview and analysis of India’s public spending on internal security, especially in the category of police services. It describes and evaluates the central government’s spending on internal security, its levels, patterns and, where possible, its outcomes. It then performs a similar analysis for the states, focusing especially on variation across the states, and trying to understand possible sources of inter-state differences in spending on internal security. It goes on to offer some broader discussion and analysis of the public finances of internal security in India, al...

Using state-level data from India over the period 1983 to 2005, this paper shows a strong negative relationship between financial depth (as measured by credit volume) and rural poverty. Instrumental variable regressions suggest that this relationship is robust to endogeneity biases. Furthermore, financial deepening has a bigger impact on rural poverty alleviation than outreach (as measured by branch penetration). We find suggestive evidence that financial deepening reduced poverty rates especially among self-employed in the rural areas and also supported an inter-state migration trend from rur...

This paper deals with the developments in green finance in India as well as globally. Variety of data sources have been used to assess both the extent of public awareness and financing options for green projects. The findings conclude that while there have been improvements in the public awareness and financing options in India, a reduction in asymmetric information through better information management systems and increased coordination amongst stakeholders could pave a way towards a greener and sustainable long term economic growth.

Climate change is not a cliché anymore but a burning reality with far reaching consequences for the very survival of humankind and the nature. India on the one hand is the third largest carbon emitter and on the other hand is susceptible to the high risks of climate change, ranging from heat waves to cyclones and urban and rural displacements. Though India is a major recipient of international climate finance, it is proven to be more than insufficient to meet the climate change adaptations as per Paris Agreement. The present study analyses the challenges and prospects of India with respect to ...

Housing not only provides physical shelter but also has significant impact on the lives of the dwellers in terms of skills enhancement, income generation, increased security, health, self- confidence and human dignity. Housing finance development, therefore, plays a role in boosting equitable economic growth and reducing poverty through helping households build assets, improving living conditions, empowering the middle- and lower-income population, and strengthening communities. The House Building Finance Corporation (HBFC), which has traditionally dominated the housing finance sector, is now ...

Microfinance (mF) in India started in the early 1980s with small efforts at forming informal self-help groups (SHG) with the main objective of providing access to savings and credit services to the rural poor, who were not allowed to borrow from main stream financial institutions. The success stories of mF are unlimited and it has been demonstrated beyond doubt that such a simple concept has the potential to transform the face of rural finance in India. Despite considerable achievements, the sustainability of the SHGs has become questionable. Competing MFIs tend to target the same set of peopl...

Abstract How does informal economic activity respond to increased financial inclusion? Does it become more entrepreneurial? Does access to new financing options change the gender configuration of informal economic activity and, if so, in what ways and what directions? We take advantage of nationwide data collected in 2010/11 and 2015/16 by India’s National Sample Survey Office on unorganized (informal) enterprises. This period was one of rapid expansion of banking availability aimed particularly at the unbanked, under-banked, and women. We find strong empirical evidence supporting the crucial ...

India’s healthcare system must be reformed to accommodate strong national policies focusing on universal access to critical care especially geriatric and palliative care, and community-based health insurance schemes can be a feasible solution to cover the large mass of poor working in the informal sector.

The fiscal situation of the Central Government of India has worsened since the eighties. In the latter half of the eighties the fiscal and revenue deficits were in the range 7-8 and 2-3 per cent of GDP respectively. Fiscal consolidation was hence a major focus of the reform process introduced in 1991-92. The nineties have seen varied performance on the deficit indicators. The first half of nineties witnessed a decline in the deficits as a percentage of GDP. However, the latter half of the nineties and the early 2000s saw a reversal of this trend and the major deficit indicators climbed back to...

The objective of this article is to review existing studies on public financing of HD in India and highlight emerging challenges.

Finance is a strategic decision making area where risk and return goes hand in hand. In this complex environment, global village concept has a wide range of responsibilities and opportunities. A new threat to business today i.e. commitment to countries to reduce pollution because of global warming is converted in to a opportunity by creating a market mechanism through Clean Development Mechanism (CDM). As a new branch of Environmental finance Carbon finance is applied to investments in GHG emission reduction projects and the creation of financial instruments that are tradable on the carbon mar...

One of the greatest dangers to the growth of developing countries is the middle income trap, where crony capitalism creates oligarchies that slow down growth. If the debate during the elections is any pointer, this is a very real concern of the public in India today. To avoid this trap, and to strengthen the independent democracy our leaders won for us sixty seven years ago, we have to improve public services, especially those targeted at the poor. A key mechanism to improve these services is through financial inclusion. Financial inclusion is about getting five things right: Product, Place, P...

Savings, behaviour of the main sectors and trends in each are examined in some detail. The principal source of data used is the National Accounts, supplemented by budgetary data where relevant. The paper pays particular attention to the developments in recent years when the economy has had to adjust to a combination of unfavourable circumstances especially the second oil shock in 1979, the prolonged world recession, and the steady deterioration in the position regarding the availability of external resources. All these development imposed severe strains on the economy and a resource constraint...

This research examines how digital tools such as credit/debit cards, internet banking, mobile banking, and the Unified Payments Interface can empower individuals, particularly those who have been previously excluded from traditional banking systems in India.

THE WAR, DECLARED BY Great Britain on Germany in September 1939, started far from Indian shores. Italy and Japan were still neutral. Yet it was clear, even at that time, that the war would spread and that the British Empire was as ill-prepared for hostilities in the new theaters of war as she was in Europe. It was decided to expand the armed forces, and action along this line was started at once in Great Britain, the Dominions, and the British Empire, including India. The British Government concluded an agreement, known as the Financial Settlement, with the Government of India1 concerning the ...

It is suggested that low income countries need to spend $54 (Rs3240; £32; €39) per capita for basic healthcare services, whereas the average actual per capita health expenditure in these countries is only $27.

There has been a steep deterioration in State finances during the last decade as evidenced by sharp increases in revenue, fiscal and primary deficits, increases in their indebtedness and contingent liabilities, and decline in capital and maintenance expenditures. Low buoyancy of central transfers and spillover of central pay revisions have had the most adverse impact on State finances. However, the States’ own fiscal performance has also seen sharp deterioration. On the transfer system, the scheme proposed by the Ministry of Finance attempts to link a portion of transfers to fiscal reforms. Th...

Till recently India was an exemplary instance of the use of development banking as an instrument of late industrialisation. The turn to and emphasis on development banking in the immediate aftermath of Independence is explained by two features characterising the Indian economy at that point in time: one was the inadequate accumulation of own capital in the hand of indigenous industrialists; and the other was the absence of a market for long term finance (such as bond or active equity markets), which firms could access to part finance capital-intensive industrial investment.

There are two key health financing questions for India: (a) where should the money to pay for healthcare come from and (b) how should it be spent? Healthcare is a service with some peculiar characteristics that need to inform the search for answers to these two questions. This paper discusses possible answers to these questions in the Indian context.

TNDIA, with a population of more A than 360 million, is in that respect the largest country in the world with a federal system of government. Although the problems of federal government and finance are fundamentally the same in India as in other federalisms, the subject takes on special interest because of the country's ancient civilization; colorful history; and cultural diversity as evidenced by differences in customs, language, and religion. Poverty and the government's efforts to alleviate it are the most pervasive economic influences on public finance. Recognizing the importance and likel...

~DucATIONAL SYSTEMS, like all modern organisations, run on money. We need more resources for education--both for schools and colleges. The additional resources are required for the following reasons: rise in enrolments, backlog of needed construction, need to expand the system (particularly for universalisation of elementary education and adult literacy), for divers{ficatio~ of the system (e.g., voca-· tionalisation), for maintenance, if not inprovement, of the quality of education, and to combat the rise in prices. Without adequate resource, the education edifice collapses. Educational system...

Colin Kirkpatrick and T.G. Arun are at the Institute for Development Policy and Management (IDPM), University of Manchester. It has long been recognized that economic growth depends on improvements in the financial system. An efficient financial system facilitates better resource mobilization and use of resources, which accelerate economic growth and thereby contribute to poverty alleviation 0 alilian and Kirkpatrick 2002; World Bank 2001 ). The empirical evidence also suggests that the impact of financial development

The authors examine the legal and business environments, financing channels, and governance mechanisms of various types of firms in India and compare them to those from other countries. Despite its English commonlaw origin, strong legal protection provided by the law, and a democratic government, corruption within India's legal system and government significantly weakens investor protection in practice. External financing of firms has been dominated by nonmarket sources of financing, while the characteristics of listed firms are similar to those from countries with weak investor protection. Th...

There has been a steep deterioration in State finances during the last decade as evidenced by sharp increases in revenue, fiscal and primary deficits, increases in their indebtedness and contingent liabilities, and decline in capital and maintenance expenditures. Low buoyancy of central transfers and spillover of central pay revisions have had the most adverse impact on State finances. However, the States’ own fiscal performance has also seen sharp deterioration. On the transfer system, the scheme proposed by the Ministry of Finance attempts to link a portion of transfers to fiscal reforms. Th...

Harvard and Princeton I remember the interest that was taken in the Indian financial system and the changes brought about in Federal and State finance-I use the American termsconsequent on the Reforms introduced by the new Constitution embodied in the Government of India Act 1919. The object of this Memorandum is to describe so that he who runs may read and reading understand the main features of this financial system as it works in this country today. Like the great and friendly Republic before the war and like the Union of South Africa, Australia, Canada, and many other countries today, Indi...

OF T'HE STUDY This is the final volume of a three-volume set exploring a range of issues relating to intergovernmental fiscal flows in India. This study attempts to evaluate the tax performance of particular states in terms of the average tax effort of all states. In addition to this aggregate measure, different taxes are examined to assess the intensity of use of various potential tax bases by the State governments, given their taxable capacity. The study covers the fifteen major states, over the period 1973-1976. Volumes I and II contain an overview of the principles of revenue sharing in In...

The underlying principles below reflect the new developments and best practice examples for blended finance and act as a guiding framework to successfully mobilize private capital to maximize the impact for sustainable development.

Findings suggest that being a man, richer, more educated and older favours digital technology to avail financial services, suggesting women are still lagging behind than men in India.

The fiscal crisis facing the economy has led to withdrawal of the state from major sectors of the economy including education. With the advent of the liberalized economic policy the private sector has been playing a pivotal role in the economic development. Higher education ceases to be the‘merit good’ and the universities are encouraged to mobilize resources by their own efforts rather than depending on government grants. This has impacted the financing of state and central universities across India. Actually, this paper evaluates the funding of state universities in India through a case stud...

India is now in a situation where it has to accept the challenges from the international forum to improve its green infrastructure and attain its sustainable developments goals and climatic challenges like global warming, its huge population and huge green depletion. If the country has to survive it has to adopt Green finance. Green finance or climate finance is a component where it has to change it’s focus and behaviour from traditional form of financing to more environment friendly financing. It has to build a strategy through green finance to achieve its sustainable development goals. India...

House is a centre and domestic device for mankind's moral and core development ever since the dawn of evolution and civilisation. Housing is one of the basic requirements that human beings need. Good housing is a pre-requisite for human development and welfare. It provides shelter, security, amenities and privacy to the human beings for decent living. There are many things that people would find difficult, if not impossible to do without good-quality housing. Housing shortage is a universal phenomenon. Without good housing, people cannot realise their full potential and carry on the life they ...

The paper analyses important issues in Indian public finance in the context of the In-dia's economic development. Given the predominance of working population and with chil-dren in the age group 0-14 constituting over 40 per cent of the population, government fi-nance has a critical role not only in protecting life and property but also in creating physical infrastructure to expand economic activities to generate employment opportunities and in providing social infrastructure to empower them to get productively employed. The analysis public spending, however, shows that spending on education a...

In most Indian cities, the problem of financing of urban infrastructure is acute and most of the challenges of financing are still unanswered. The condition is worse for the urban governance where many of the urban local bodies are heavily dependent on the higher tier of government in the shape of grants. The chronic fiscal ill health owing to continuous huge revenue deficit has hamstrung the functioning of the local governance resulting poor performance of civic services and infrastructure. The high rate of urbanization coupled with industrialization and economic development is exerting signi...

This paper endeavors to investigate whether the Islamic financial system can tackle the issue of financial exclusion in India or not. The present study has made an earnest attempt to explore the discriminating factors behind choosing of the institutes (conventional or Islamic), in decreasing order of their importance. Data for the study are collected from 635 respondents, who are customers of Islamic and traditional financial institutes. The area selected for the survey is the state of Kerala, which is considered as the Islamic finance hub in India. The data collected are analyzed by employing...

The main aim of this study is to analyze the effect of external debt on different types of emissions in India as carbon dioxide emissions, methane emissions, emissions from liquid fuel consumption, emissions from solid fuel consumption, and emissions from gaseous fuel consumption. India has a fast growing in external debt especially after 2008 world financial crisis. India has a similar situation to China and Turkey which also started to increase external debt significantly after 2008 world crisis. This study aims to fill the gap in the literature by analyzing the effect of external debt on em...

In order to improve customer experience, stimulate acceptance and utilisation of the digital channel, and minimise operational friction, Indian FinTech companies might solve some of the crucial structural concerns plaguing Indian financial services.

Finance is the life blood of the economy. The free flow of finance across the various sectors of the economy, results into significant growth of the economy. In this context this paper aims to study numbers of micro financing programs and amount involved in program. The study also observe to verify the association between number of programs and amount of distribution, number of program loan outstanding with banks, number of programs and savings with the banks. This paper attempts to analyse micro financing in India, over a period of 2017-2018 to 2022-2023.The results may help the financial inc...

This paper studies the trends in the financing of elementary education in India over the past decade. The resources required are estimated to be a real increase in expenditure of 8 percent a year for getting all 6-10 year olds into primary school in twelve years and an additional 0.7 percent of GDP per year for the next ten years to get all 6-14 year olds into school. The real increase in the government and state governments' total expenditure on elementary education was 5.3 percent a year over the period 1991-92 to 1996-97 and then rose to 5.8 percent a year when 1997-98 expenditures are take...

The study revealed that India has a very low expenditure on healthcare and markedly lower health outcomes compared to KSA, and it is likely that India will make significant progress towards achieving UHC.

: “The world is reaching the tipping point beyond which climate change may become irreversible. If this happens, we risk denying present and future generations the right to a healthy and sustainable planet - the whole of humanity stands to lose” - Kofi Anan We have been warned of climate change and global warming by various scientists worldwide, and the development has continued at an unprecedented pace. The Global Risks Report 2022 published by the World Economic Forum highlights the risk associated with environmental degradation they are 1) Extreme weather 2) Climate action failure 3) Biodiv...

This report takes stock of the current climate finance landscape in India, along with the estimated financing requirements, enabling conditions and macro policy instruments to achieve national 1.5oC and 2oC goals. Climate change will negatively affect India’s economy leading to annual Gross Domestic Product (GDP) loss of 3 per cent to 10 per cent by 2100 (Kompas et al., 2018; RBI, 2023). In a business-as-usual scenario, India is estimated to face GDP per capita loss of 2.6 per cent, 6.7 per cent and 16.9 per cent in 2030, 2050, and 2100 respectively (Kahn, 2019).

India is one of the fastest growing economies of the world. With over 800 million people falling within the working age group bracket, India has a significant demographic advantage to further its economic growth and development. The country’s demand for the skilled labour is expected to rise by 20% between 2017 to 2022, generating an additional demand of 100 million skilled workers by 2022 across 24 sectors. More than 12 million people enter the workforce each year, with 300 million young people joining the workforce by 2025. Yet few have the skills required for employment. To reap the benefit...