Technical efficiency of financial inclusion and human development: Insights from the Indian states

2021 ◽  
Author(s):  
Bhanu Pratap Singh ◽  
Anup Kumar Yadava
Keyword(s):  
Human Development ◽  
Technical Efficiency ◽  
Financial Inclusion ◽  
Indian States

Financial Inclusion and Quality of Life: Empirical Evidences from Indian States with Special Reference to West Bengal

2021 ◽  
pp. 0258042X2110261
Author(s):  
Avisek Sen ◽  
Arindam Laha
Keyword(s):  
Quality Of Life ◽  
Human Development ◽  
Financial Literacy ◽  
Financial Services ◽  
West Bengal ◽  
Well Being ◽  
Financial Inclusion ◽  
Indian States ◽  
The Relationship

The conceptual connection between financial inclusion and quality of life (QOL) can be realized by a two-way relationships. On the one hand, financial inclusion induces QOL, while an improvement in QOL facilitates in generating demand for financial services, on the other hand. Even though several studies seek to find out the role of finance in the well-being of the population (especially human development), this article concentrates on QOL to eliminate the financial attributes of development (as captured by income dimension in Human Development Index). In this sense, this study addresses the research gap in the existing literature by establishing the relationship between financial inclusion and QOL. Specifically, the article attempts to explain the two-way tie-up between the financial inclusion and the QOL in India in the context of Indian states, in general, and West Bengal, in particular. Canonical correlation (CC; a multivariate data analysis technique) is used to estimate the relation between the financial inclusion and QOL. Empirical results suggest that western and the southern Indian states excel in the attainment of education, health and other amenities-based indicators of QOL. The conditions of the eastern part of the country in case of financial inclusion and the QOL are not at all satisfactory. In case of West Bengal, Kolkata being the state capital is performing well in both the factors. CC results suggest a significant association between the financial inclusion and QOL across Indian states. The deposit account of financial inclusion indicator and the infant survival rate of QOL indicator are playing a pivotal role in the relationship (both the Indian states and districts of West Bengal as well). This article establishes the effectiveness of the demand following approach of financial inclusion than that of supply leading approach. As the demand-side aspect of financial inclusion is becoming more important to the policymakers, the next policy priority of financial inclusion measures could be the generation of awareness on the financial services through financial literacy. JEL Codes: G2, O15, C39

Multidimensional financial inclusion index for Indian states

2020 ◽  
Author(s):  
Vishal Yadav ◽  
Bhanu Pratap Singh ◽  
Nirmala Velan
Keyword(s):  
Financial Inclusion ◽  
Indian States

Financial inclusion in the digital banking age: Lessons from rural India

2021 ◽  
pp. 1-22
Author(s):  
RAM A. CNAAN ◽  
MARQUISHA LAWRENCE SCOTT ◽  
H. DANIEL HEIST ◽  
M. S. MOODITHAYA
Keyword(s):  
Financial Literacy ◽  
Social Inclusion ◽  
Financial Inclusion ◽  
Rural India ◽  
Indian States ◽  
Banking Activity ◽  
Online Access ◽  
Digital Transactions ◽  
Financial Transactions

Abstract In the digital age, financial inclusion continues to be connected to social inclusion. While most personal financial transactions are shifting from cash currency to digital transactions, we must ensure that marginalized members of society are not unbanked and excluded from financial opportunities. Many countries are declaring their intention to transform to cashless societies. India is one such country. As a case study, we investigated rural Indian villages that declared themselves as cashless to assess the financial reality of villagers. We conducted a survey of households (N=3,159) within villages across seven Indian states. In each state, we studied a village that was officially declared cashless and a nearby comparison village. Our findings suggest that the comparison villages did as well as the cashless villages, as financial inclusion via digital banking was minimal to nonexistent. Alongside significant state variations, we found that financial literacy and online access were the best predictors of performing any digital banking activity. This study concludes with a warning against rushing toward digital banking and the formation of cashless societies, as marginalized populations may be excluded.

scholarly journals IMPACT OF FINANCIAL INCLUSION, GOVERNMENT EXPENDITURES IN EDUCATION AND HEALTH SECTORS ON HUMAN DEVELOPMENT IN INDONESIA

2020 ◽  
Vol 9 (2) ◽  
pp. 5
Author(s):  
Mulia Simatupang
Keyword(s):  
Human Development ◽  
Government Policy ◽  
Human Development Index ◽  
Health Sector ◽  
Financial Inclusion ◽  
Government Expenditures ◽  
Development Index ◽  
Education And Health ◽  
The Government ◽  
The Impact

ABSTRACT The purpose of this paper in to assess the impact of financial inclusion and  government expenditures in education and health sectors in order to increase human development index. Government expenditures has important role to support economic growth and welfare for its people. Fiscal policy expenditures in education and health sectors are kind of significant government policy to increase human development. It is believed that financial inclusion has also important role  to reduce poverty and indirectly increase human development index. Financial inclusion  has positive impacts to human development index component along with government  expenditures in education and health sector. In the years ahead, The Government should prioritize and increase budget in order to increase human  resources quality in Indonesia.

Does Financial Inclusion Promote Human Development? Evidence from India

2021 ◽  
pp. 227868212110451
Author(s):  
Neha Arora ◽  
Naresh Kumar
Keyword(s):  
Human Development ◽  
Financial Inclusion ◽  
Banking Services ◽  
Indian Economy ◽  
Long Run ◽  
Speed Up ◽  
Bound Test ◽  
Hierarchy Process ◽  
The Relationship ◽  
Ardl Bound Test

The present study investigates the relationship between Financial Inclusion Index (FII) and Human Development Index (HDI) of Indian economy. The study developed FII for the Indian economy from 1991 to 2020 by using the dimensions of banking penetration, banking availability and usage of banking services. The well-known techniques of Analytical Hierarchy Process (AHP) and Technique of Preference by Similarity to Ideal Solution (TOPSIS) is used to develop FII. The ARDL bound test confirms the existence of a long-run relationship between financial inclusion and human development. Granger non-causality confirms the existence of bidirectional causality between financial inclusion and human development. As financial inclusion acts as a key for human development, government should adopt policies to speed up the financial inclusion process in India.

Immiserizing Growth and Poverty Dynamics: An Assessment of Twelve Indian States

2019 ◽  
pp. 146-175
Author(s):  
Vidya Diwakar ◽  
Andy McKay ◽  
Andrew Shepherd
Keyword(s):  
Growth Performance ◽  
Human Development ◽  
Poverty Reduction ◽  
The State ◽  
Income Growth ◽  
Panel Survey ◽  
Poverty Dynamics ◽  
Indian States ◽  
Chronic Poverty ◽  
Using Data

This chapter reconsiders the extent to which recent impressive growth performance in India has been associated with poverty reduction, using data collected by the Indian Human Development Surveys, a panel survey conducted in 2004/5 and 2010/11. The panel nature of the survey allows us to link income growth to poverty dynamics, and in particular to movements into and out of poverty as well as chronic poverty. While the overall story in India over this period is one of impressive poverty reduction, the data also reveal some cases of immiserizing growth. This chapter seeks to understand the nature and factors underlying immiserizing growth for the state of Chhattisgarh.

Financial Inclusion and Human Development

2013 ◽  
Vol 61 (3) ◽  
pp. 390-406
Author(s):  
Supravat Bagli ◽  
Maniklal Adhikary
Keyword(s):  
Human Development ◽  
Financial Inclusion
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