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Purpose: This paper examines the role of institution in the combating crime in India. This study also assesses institutions for controlling property crime in India in the post-reform era. Design/methodology/approach: Crime and socio-economic data are taken from National Crime Record Bureau and the Reserve Bank of India, respectively. Twenty major Indian states are selected for the study purpose for the period of 1994–2019. Fixed effect panel data technique is used for analysis purpose. Findings: Property crime rate declines with economic growth, while it increases with financial development. Findings of fiscal policy instruments are different. Own tax is positively associated with property crime in India, while non-tax fiscal instruments such as fine, penalty, and so on, are inversely related to it. Property crime rate is inversely related to institutional factors like charge sheet and conviction rate. Research limitations/implications: Further research is needed for other crimes in India. State-level data are used here for analysis purpose; however, spatial or cluster analysis techniques might provide more insights for combating crimes in India. Practical implications: This study suggests that economic growth and fiscal instrument along with institutional development are essential to control property crime in India. Social implications: Government should take steps to improve the law-and-order system to control property crime across states. Originality/value: Impact of non-tax fiscal instrument reduces property crime while that of own tax is increases it in India. These findings are unique and added certain insight in the study. Institutional roles are captured its performances like charge sheet and convict rate, which are significantly reduce property crime in Indian states. Least square dummy variable model is applied to capture individual state effects. Peer review: The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-01-2023-0063 [ABSTRACT FROM AUTHOR]

Purpose: The purpose of this paper is to analyse the labour force participation among the elderly population (aged 60 and above) in India from data available for the most recent time periods. The paper reviews the types of employment, industries and occupations that the elderly in India are employed in presently and also examines the impact of different factors on the decision of the elderly to be a part of the labour force. Design/methodology/approach: Unit-level data has been extracted from the most recent data available on employment and labour force in India provided by the Periodic Labour Force Survey (PLFS), from 2017 to 2018 to 2019–2020. Binary logistic regression model has been used to identify some of the socio-economic and demographic factors that influence the odds of the elderly being a part of the labour force along with the extent of their influence, and Wald statistic has been used to examine the dynamics. Findings: The study finds that among the elderly population, males, individuals living in rural areas, those living alone, those who are currently married and those with low educational attainment are more likely to be a part of the labour force. Again, elderly females are found to be employed mostly in the informal or unorganised sector which provide minimal or nil social security benefits. Between 2017–2018 and 2019–2020, the coefficients for sector, gender, marital status, education and income are found to be significantly different. Originality/value: This paper attempts to shed some light on the scanty literature with regards to studies on the elderly in India, and also to reveal the possible factors which induce the elderly in India to participate in the labour force with the help of the most recent data available. Peer review: The peer-review history for this article is available at: https://publons.com/publon/10.1108/IJSE-06-2021-0350. [ABSTRACT FROM AUTHOR]

Purpose: Since the last decade, debates regarding the efficiency and effectiveness of the forms of transfer, i.e. in the form of in-kind or cash transfers, have been gaining momentum. This paper aims to explore the preferences revealed by the beneficiaries, the role of contextual conditions in moulding these preferences, factors associated with the transfer scheme that defines the preferences and the rationale behind such responses. Design/methodology/approach: The study conducted involves primary data collected from an Indian state, Odisha. 308 beneficiaries of the Targeted Public Distribution System (TPDS) were interviewed concerning specific objectives in a rural district (Mayurbhanj) and another highly urbanised district (Khordha). Findings: The comparative results show that the strength of the contextual conditions significantly influences the preferences of the beneficiaries in the rural district as compared to the effect on the beneficiaries of the urban district. Education seems to have an insignificant impact in rural areas. However, income and standard of living have positive significant effects on shaping the preferences for cash or in-kind transfers. Originality/value: Examining the strength of the contextual conditions and emphasising beneficiaries' perspectives would stimulate a better understanding of the implementation of the proposed quasi-Universal Basic Income. The study would hence, be instrumental in dealing with the transition towards cash transfers in the Indian context where the co-responsibility of both stakeholders, the government and the beneficiaries, should be given equal weightage. Peer review: The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-03-2023-0158 [ABSTRACT FROM AUTHOR]

Purpose: Using data from 2009–2016 across 31 states and union territories, this paper investigates determinants of juvenile delinquency in India as well as explores the nature of the complex relationship between economic variables and crime rate. Design/methodology/approach: The paper employs a panel corrected standard error model due to the presence of heteroskedasticity and contemporaneous correlation. Additionally, due to possible feedback effect from independent variables resulting in endogeneity, a two-step generalized method of moments (GMM) is utilized to estimate a system of equations. Findings: Estimation results indicate that macroeconomic factors – GSDP per capita and adult unemployment rate – are significant in explaining the juvenile crime rate in India. Higher poverty rate and percentage of slums were found to increase juvenile crime. This paper also demonstrates the harmful effects that domestic violence has on juvenile delinquency. Finally, education has a deterring impact on crimes relating to juveniles but deterrence factors do not. Originality/value: While some implications are consistent with those found in previous studies of crime in developed and developing countries, the analysis in this paper also reveals unique results. For example, the adult unemployment rate was negatively correlated with juvenile crime, and an increase in police density exhibits a positive association with the juvenile crime rate. Further analysis of crimes by type (property and violent) reveals additional insights. In addition to that, contrary to hypothesis, by employing GMM estimation, the paper finds no evidence of a negative impact of juvenile delinquency on economic growth. [ABSTRACT FROM AUTHOR]

Purpose: The main purpose of this paper is to empirically investigate the effect of macroeconomic uncertainty on environmental degradation in India over the period 1971–2016. Additionally, this paper considers the role of financial development, energy consumption intensity and economic growth in explaining the variation of environmental degradation in India. Design/methodology/approach: The authors applied the power generalized autoregressive conditional heteroskedasticity model to measure inflation volatility and used it as a proxy for macroeconomic uncertainty. From a methodological perspective, the authors employ the autoregressive distributive lag bound testing model to establish the long-run equilibrium association between the variables. The Toda–Yamamoto causality approach has been used to examine the direction of causality between the variables. Findings: Findings suggest that macroeconomic uncertainty exerts a positive effect on carbon emissions, indicating that higher inflation volatility, as a proxy for macroeconomic uncertainty, hinders India's environmental quality. Financial development, economic growth and energy consumption intensity have also adversely impacted environmental quality. Practical implications: The negative association between macroeconomic uncertainty and environmental degradation calls for some stringent policy actions. While formulating policies to promote growth and maintain stability, policymakers and government stakeholders should take into account the environmental effects of macroeconomic policies. There is a need to implement more environmental-friendly technologies in the financial sector that could reduce carbon emission. Originality/value: To the best of the authors' knowledge, this study is the first that considers the role of macroeconomic uncertainty along with financial development and energy intensity in an emerging economy like India. [ABSTRACT FROM AUTHOR]

Purpose: This paper aims at analyzing the determinants of access to relief under social assistance programs among rural households during COVID-19 outbreaks in India. Design/methodology/approach: The study is based on the data of COVID-19-Related Shocks Survey, which covered 5,200 rural households across 6 states of India namely Andhra Pradesh, Bihar, Jharkhand, Madhya Pradesh Rajasthan, and Uttar Pradesh. The access to relief has been assessed as relief-in kind (RIK) as a free special package of wheat, rice, and pulses, supplied through the public distribution system; and direct benefit transfer (DBT) in cash under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Yojana and the Pradhan Mantri Jan-Dhan Yojana (PMJDY). The association between demographic profiles of rural households and access to relief has been analyzed using the chi-square test. Further, marginal effects have been estimated to assess the determinants of rural households' access to relief. Findings: The results show a significant association between types of relief vis-à-vis demographic profiles of the rural households. A significant difference in access to relief among rural households is also evident across the states. Further, the analysis of the marginal effects indicates that female-headed households belonging to lower social class, depending on non-agricultural occupation with lower income, belonging to below poverty line families and seeking wage employment, are more likely to access relief as food grains; whereas male respondents with lower age, belonging to lower-income quartile with memberships in Self Help Groups are more likely to access the cash benefit transfers. Practical implications: The COVID-19 pandemic has affected the food security and livelihood of many across the globe, which necessitated provisioning a package of support to everyone, particularly rural poor households. The World Bank undertook the COVID-19-Related Shocks Survey to provide a quick policy response for managing the risk of COVID-19 outbreak effectively. The results of this study provide timely insights for developing an effective relief strategy for rural households during a crisis. Originality/value: There is limited investigation on access to relief by rural households during the COVID-19 outbreaks and factors affecting the access to relief in terms of cash and kind. This study has utilized a reliable data source to analyze the access of relief packages by the rural communities during the coronavirus outbreak. Peer review: The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-10-2021-0632. [ABSTRACT FROM AUTHOR]

Purpose – The purpose of this paper is to examine the relationship between financial sector development and poverty reduction in India using annual data from 1970 to 2012. The paper attempts to answer the critical question: does financial sector development lead to poverty reduction? Design/methodology/approach – Stationarity properties of the series are checked by using Ng-Perron unit root test. The paper uses the Auto Regressive Distributed Lag (ARDL) bound testing approach to co-integration to examine the existence of long-run relationship; error-correction mechanism for the short-run dynamics and Granger non-causality test to test the direction of causality. Findings – The co-integration test confirms a long-run relationship between financial development and poverty reduction for India. The ARDL test results suggest that financial development and economic growth reduces poverty in both long run and short run. The causality test confirms that there is a positive and unidirectional causality running from financial development to poverty reduction. Research limitations/implications – This study implies that poverty in India can be reduced by financial inclusion and financial accessibility to the poor. For a fast growing economy with respect to financial sector development this may have far-reaching implication toward inclusive growth. Originality/value – This paper is the first of its kind to empirically examine the causal relationship between financial sector development and poverty reduction in India using modern econometric techniques. [ABSTRACT FROM AUTHOR]

Purpose: This paper attempts to measure the state-wise impact of Prime Minister's Jan Dhan Yojana (PMJDY) in 30 states and 6 union territories of India for the years 2016, 2017 and 2018; and tries to develop a state-wise plan for geographical expansion of outlets optimizing the overall impact of the scheme. Design/methodology/approach: The state-wise impact factor is calculated using demographic penetration of the scheme in rural areas, demographic penetration of the scheme in urban areas, percentage of accounts with Rupay cards and average balance in these accounts. The impact factor is postulated to be a linear function of literacy, per capita GDP, demographic and geographic penetration of banks and the number of poor people. The weights for the sub-parameters are derived through principal component analysis. A generalized linear model with heteroscedasticity and autocorrelation consistency method for estimation of the equation with robust standard errors is used. Findings: It is found that the scheme has been more effective in the states with higher levels of illiteracy which is contrary to the findings of existing studies where illiteracy is identified as a barrier to financial inclusion. A state-wise plan for geographical expansion of outlets is proposed with a view to optimizing the overall impact of the scheme, along with suggestions for improvement. Research limitations/implications: The data for ATMs and bank mitras are available for some of the years, for some states and hence missing data were estimated using extrapolation or on an average basis. Furthermore, the panel data are available for three years making the period of panel small. These aspects might have affected the efficacy of our estimates. Originality/value: The paper evaluates the newly launched ambitious program PMJDY by the Government of India (GoI), it will have far reaching impact on financial inclusion. [ABSTRACT FROM AUTHOR]

Purpose: This paper analyses the relationship between financial sector development (FSD) and life insurance inclusion in India during the period from 1971–1972 to 2016–2017. The study analyses the effect of financial deepening on life insurance inclusion in India. Design/methodology/approach: The study employs augmented Dickey–Fuller (ADF) unit roots test to check the stationarity properties of the time series data. It estimates a life insurance inclusion model using the auto-regressive distributed lag model (ARDL) bounds testing approach to cointegration. Findings: The study finds evidence of a cointegrating relationship between financial deepening and life insurance inclusion in India. A significant error correction coefficient indicates automatic adjustments to short-run disequilibrium, reinforcing the cointegrating relationship between financial sector and life insurance inclusion. Research limitations/implications: A major limitation of the study is that it excludes the first-time sum assured (FSA) contributed by the private sector life insurance companies due to lack of data availability. Practical implications: The results of the study call for faster expansion of the financial sector and provision of a low interest rate regime in the Indian economy. The study invokes the need for sufficient training to the personnel in the banking and non-banking institutions to cater to the complex needs of life insurance buyers. Originality/value: The paper estimates the link between FSD and life insurance inclusion and introduces a new measure of life insurance demand, the life insurance inclusion, measured using the FSA. [ABSTRACT FROM AUTHOR]

Purpose: This paper aims to test for spatial convergence in financial inclusion across major Indian states and union territories. Design/methodology/approach: After initially building an Index of Financial Inclusion (IFI) for major Indian states between 2003 and 2016, exploratory spatial data analysis (ESDA) is employed to draw inferences about mean and variance of IFI. The paper then seeks to confirm the ESDA results through spatial panel regression techniques. Finally, spatial results are correlated with results from aspatial convergence measures. Findings: The study finds that there is no evidence of spatial convergence in financial inclusion over the study period, suggesting that those states that were relatively less financially included remained so through the study period. The study also asserts the relevance of certain important determinants, namely, per capita income, infrastructure, industrialization and gender. Research limitations/implications: This study has two limitations. First, only banking institutions are considered in measuring financial inclusion. Second, due to lack of a consistent indicator of gender participation across states, we had to employ sex ratio as a proxy. Practical implications: The study suggests that policies to expand financial inclusion in Indian states, especially those with low inclusion levels are likely to benefit neighbouring states also, thereby accelerating the financial inclusion drive across states. Originality/value: The study is a first in the Indian context to estimate the spatial dependence of financial inclusion and provides relevant implications for policymakers and bankers to target financial inclusion schemes in backward states. [ABSTRACT FROM AUTHOR]

Purpose: This paper aims at analysing the socio-economic characteristics, mobile phone ownership and banking behaviour as key determinants of digital financial inclusion in India. Design/methodology/approach: This study is based on the Global Findex Survey of the World Bank covering 3,000 adult individuals in India. Simple statistical tools such as descriptive statistics, chi-square test and regression analysis with a marginal effect have been used for the data analysis. Findings: About 35.2% of respondents have reported using digital financial services in the country. There is a significant association between the socio-economic profiles of individuals with the adoption of digital financial services in terms of gender, age, education, occupation and income. The marginal effect indicates that socio-economic factors, mobile phone ownership and banking behaviour of individuals towards borrowings and savings have indicated significant influence on digital financial inclusion. The analysis depicts that male with higher age, education, working status and higher income are more likely to adopt digital financial services. Further, individuals with mobile phone ownership and utilising banking in terms of borrowings and savings are more likely to adopt digital financial services. Practical implications: As digital banking services have emerged as a preferred channel for financial service delivery, this study provides timely insights on developing user driven-strategies for promoting digital financial services. Originality/value: Socio-economic characteristics, mobile phone ownership and banking behaviour are critical determinants of financial inclusion, so assessing its implications in the era of digitisation becomes imperative. Peer review: The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-10-2022-0673. [ABSTRACT FROM AUTHOR]

Purpose: This paper uses data from 2010 to 2016 across 32 states and union territories to investigate the determinants of crime in India. Results indicate the significance of macroeconomic, demographic, socioeconomic and deterrence factors in accounting for various categories of crime. Design/methodology/approach: Due to the evidence of heteroskedasticity and cross-sectional dependence, linear regression with panel-corrected standard errors is implemented. Findings: It has been found that among the macroeconomic factors, only GSDP per capita was found relevant in explaining total crime rates. However, the unemployment rate and price level are crucial in explaining some categories of crime. The demographic factor, that is, population density, socioeconomic factors, that is, income inequality, poverty rate, literacy rate exhibit important and significant relationship with crime rates in India. Further, out of the four deterrence factors, charge-sheeting rate, conviction rate, pendency in police cases are important in explaining various categories of crime rates in India. Originality/value: While implications of some socioeconomic variables are consistent with those found in previous studies, literacy rates and deterrence variables were found to have a positive association with crime. In particular, in a developing country such as India, white-collar crimes tend to increase as literacy rates increase. This calls for implementing policies that lead to greater employment opportunities for the educated masses. This paper also sheds light on the relationship between deterrence factors and crime rates in India. Deficiencies in the legal and judicial system have been detrimental to the nation's ability to curb crime rates. [ABSTRACT FROM AUTHOR]

Purpose: India has shown good progress in maternal health outcome indicators. However, an area for improvement is to ensure all deliveries take place in institutions under the supervision of skilled birth attendants. This paper attempts to identify the factors that affect institutional deliveries using nationally representative National Family Health Survey (NFHS) data. Further, the authors investigate the factors contributing to the wealth-based inequality in institutional deliveries. Design/methodology/approach: To address the first aspect of identifying the factors associated with undergoing an institutional delivery, the authors have used logistic and multinominal logistic models. The explanatory variables are broadly socio-economic indicators of the mother and a few other household characteristics. Further, the concentration index and regression-based decomposition were used to carry out an inequality analysis in the institutional deliveries across different wealth groups. Findings: The authors found that women belonging to poor households, backward social groups and rural areas have significantly fewer odds of undergoing an institutional delivery. Age and education level of the mother, number of antenatal visits during pregnancy and place of residence (urban/rural) have contributed to the inequality in institutional deliveries in 2005–2006. However, the inequality due to these factors went down drastically in 2015–2016. Originality/value: To the best of the authors' knowledge, this study is a distinct attempt to use pooled data of the NFHS-3 [2005–2006] and NFHS-4 [2015–2016] in identifying factors contributing to a woman undergoing an institutional-based delivery. The study also decomposes the wealth-based inequality in the factors contributing to having an institutional delivery and analyses the contributions to inequality across the two time periods. [ABSTRACT FROM AUTHOR]

Purpose: Few empirical studies examined the relationship between life expectancy and income in India. This study aims to examine the impact of life expectancy on economic growth in India by incorporating all the major states of India. Design/methodology/approach: This study is based on secondary data and includes 16 major states of India covering the periods 2000–2014. The author used panel fixed effect model (FEM) to examine the impact of life expectancy on economic growth. Findings: Empirical analysis revealed a positive trend in life expectancy in India. In association with life expectancy, the author found continuous growth in the elderly population. The result of the FEM shows that gains in life expectancy positively affect economic growth in India. The empirical findings do not support any negative impact of life expectancy gains on economic growth. Originality/value: This study is the outcome of the independent and original research work of the authors and contributes significantly to the literature on the demography–economic relationship. The findings of this study help the author to understand that life expectancy gain is in no way a constraint, rather the skill and experience of the workforce are crucial to determining economic growth. Peer review: The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-06-2022-0422. [ABSTRACT FROM AUTHOR]

Purpose – The aim of this paper is to understand how, in tough economic times, British-owned, English language newspapers such as The Pioneer received and filtered news, especially gender-related and nationalist-related events and thinking. Design/methodology/approach – Using qualitative and quantitative methods to assess communications by and about pro-nationalist women, coverage of female activities was categorised into two groups: first, educational, social and peaceful campaigns and second, direct action such as strikes, burning of British cloth and business/land rent boycotts. Findings – Direct action provided "bad news" coverage, but it simultaneously gave a small window for publicity. Less threatening peaceful campaigns provided a bigger window – enhanced by the novelty value of female activism. Research limitations/implications – Historians need to look specifically at Indian newspapers during the struggle for independence for a counter-hegemonic discourse that reached a wide public. When evidence of women's activism is paired with financial news, it becomes clear that women had a negative impact on British business. Furthermore, The Pioneer's own business dilemmas made the paper part of the economic and ideological maelstrom that it reported on. Originality/value – This is the first time that the colonial press in India itself has been scrutinised in detail on the subject of the rising nationalist movement and women. Findings underline female influence on both economics and ideology – a neglected aspect of Indian gender scholarship and economic history. [ABSTRACT FROM AUTHOR]

Purpose: This paper aims at identifying the antecedents of entrepreneurial intentions among females in India using the theory of planned behaviour. Design/methodology/approach: This study is based on the Adult Population Survey (APS) of the Global Entrepreneurship Monitor (GEM), which has covered 1,683 female respondents from India. The data has been analysed using simple techniques such as chi-square statistics and logistics regression. The antecedents of entrepreneurial intentions have been identified using the theory of planned behaviour. Findings: About 20% of the adult females have reported intention for starting an entrepreneurial venture in the country. A significant relationship emerged between the demographics of females with and without intention towards entrepreneurship. The results showed that there is a positive and significant effect of attitudes towards the behaviour, subjective norms and perceived behavioural control to the entrepreneurial intentions among females. Practical implications: This paper provides insights on factors affecting entrepreneurial intention among females and helps in developing a policy framework for promoting new ventures among female entrepreneurs. This also explores the possibility of future research on entrepreneurial intention in the Indian context. Originality/value: Considering the current focus of the government in India for promoting new ventures, this piece of research can be valuable for different stakeholders in adopting a gender-based approach in implementing inclusive entrepreneurial initiatives. [ABSTRACT FROM AUTHOR]

Purpose: This paper analyzes the welfare implications of the unequal distribution of wealth amongst the social and religious groups by studying the segregation of these groups across different occupations. Design/methodology/approach: The authors use measures suggested by Alonso-Villar and Río (2017) and del Río and Alonso-Villar (2018) to compute the well-being of social groups (based on caste system prevalent in the Indian subcontinent) and religious groups due to their segregation across different regions (urban and rural) and occupations and social welfare loss of the society due to the segregation. Here social groups comprise of ST: Scheduled Tribe, SC: Scheduled Caste, OBC: Other Backward Caste and Others: other remaining castes; while, religious groups comprise of followers of Hinduism, Islam, Christianity and other religious groups. Findings: The result shows that SC and ST groups are worse; while, the "others" group is better off due to the segregation of social groups across both regions and occupation. Similarly, in the case of religious groups, the analysis reveals that followers of Christianity are better off due to the segregation across region and occupation. It further shows that followers of Hinduism are negatively impacted while followers of Islam and other religious groups were better off due to the segregation across the regions. Originality/value: Various researchers have studied the wealth inequality and unequal distribution in India over the years but did not dive further into the welfare implications of segregation of social and religious groups from wealth perspectives in India. [ABSTRACT FROM AUTHOR]

Purpose The purpose of this paper is to examine income inequality and income mobility, which have been central to understanding India’s recent economic development.Design/methodology/approach This paper uses the first two waves of the India Human Development Survey data for the year 2004–2005 and 2011–2012 to analyze income inequality and income mobility using longitudinal data, and is the first to do so at a nationally representative level. In this research paper, we address three related research questions: How have been the patterns of income mobility in India? What are the trends, levels and sources of income inequality in India? and finally And What is the structure of household income mobility?Findings The paper examines the trends, levels, sources and factors of income inequality and income mobility in India between 2005 and 2012. The results further show the case for high persistence at the top of income distribution but lower persistence at the bottom.Research limitations/implications Because of the chosen research approach, the research results may lack spatial analysis. Therefore, researchers are encouraged to test the proposed propositions further.Practical implications The paper suggests that, in the end, the nature of longer-term well-being is crucial to designing policy interventions to effectively tackle inequality, and economic mobility can be seen as an avenue to long-term equality.Social implications This study can further be extended to look at polarization issues at the national and sub-national levels.Originality/value This paper shows the analytical framework of additive decomposition of income mobility out of two sources, namely mobility due to the transfer of income within given structure and mobility due to economic growth or contraction in rural and urban India. [ABSTRACT FROM AUTHOR]

Purpose -- The purpose of this paper is to examine the relationship between financial development and income inequality in India using annual data from 1982-2012. Design/methodology/approach -- Stationarity properties of the series are checked by using ADF, DF-GLS, KPSS and Ng-Perron unit root tests. The paper applied the auto regressive distributed lag (ARDL) bound testing approach to co-integration to examine the existence of long run relationship; and error correction mechanism for the short run dynamics. Findings -- The co-integration test confirms a long run relationship between financial development and income inequality for India. The ARDL test results suggest that financial development, economic growth, inflation aggravates the income inequality in both long run and short run. However, trade openness reduces the gap between rich and poor in India. Research limitations/implications -- The present recommend for appropriate economic and financial reforms focussing on financial inclusion to reduce income inequality in India. Originality/value -- Till date, there is hardly any study that makes a clear comparison between market-based indicator and bank based indicator of financial development in India and those examining the relationship between finance and income inequality nexus. Further there is hardly any study to include gini coefficient as a proxy for inequality for India and apply ARDL techniques of co-integration, using the basic principles of GJ hypothesis and provide short run and long run dynamics for India. So the contribution of the paper is to fill these research gaps. [ABSTRACT FROM AUTHOR]

Purpose -- Drugs and pharmaceuticals assume importance in the healthcare system today for their capacity to replace costly treatments like surgery. The pharmaceutical industry is considered capital intensive and building a new product costs as much as $900 million. Though the cost of developing a new product is significantly low in a country like India, it is substantial. Therefore, perhaps, companies try to go for incremental innovation. This apart, finding new symptoms to promote products, hiding major side effects, publishing data mixing the outcomes of different studies, publishing major outcomes in reputed journals and poor outcome studies in less important journals are some of the strategies being adopted by pharmaceutical companies. The purpose of this paper is to analyze these issues and their impacts on the Indian economy. As most of the Indian pharmaceutical companies are in private hands, this paper focuses on the possible plight of Indian poor in the changing world order. Design/methodology/approach -- This paper draws upon earlier research undertaken by the author. His experience from the pharmaceutical industry as well as the published works of other researchers also helped complete the work. Findings - The analysis of this paper indicates that in order to avoid the loss of revenue and to keep their businesses floating, drug and pharmaceutical companies resort to information manipulation. Research limitations/implications -- The research is limited to the author's ability to review literatures in the field of marketing and corporate ethics related to drugs and pharmaceuticals. As competition and economic liberalization would have a significant impact on pharmaceutical brand-success, therefore, perhaps, drug companies would resort to manipulations for survival This paper is an attempt to alert the society to these sorts of information laundering. Practical implications -- This paper would perhaps provide consumers with necessary information to understand the unethical practices being adopted by drug companies and help them consider what exactly to look for and would press for their right to good health. Originality/value -- This paper is the record of original work done by the author. It would probably fulfill an identified need and would perhaps help the society fight unethical practices being adopted by pharmaceutical companies. [ABSTRACT FROM AUTHOR]

Purpose: The purpose of this paper is to empirically investigate whether the motives behind sending remittances differ for the migrants from single- and multi-migrant families in India. Design/methodology/approach: The paper uses the second round of India Human Development Survey conducted in the year 2012 to analyse migrant's motives using the two-part model and the sample selection model (SSM). Here, the probit model is used to model whether the migrant sends the remittances and then the amount of remittances is modelled using the ordinary least squares method. The SSM assumes that these two decisions are interdependent. This migrant-level study is the first to segregate single- and multiple-migrant settings and compare them for the existence of altruism or inheritance motives. Findings: The findings indicate altruism as the main motive behind remittances for the single migrants in India. On the other hand, presence of inheritance motive is evident along with altruism in the multi-migrant setting. Research limitations/implications: The analysis is restricted due to limited availability of information on migrant as the data are collected from the migrant's family at origin. Originality/value: This is the first study to use a unique nationally representative survey which enables it to point out differences in the motives behind remittances for the single-migrant and multi-migrant settings in India. [ABSTRACT FROM AUTHOR]

Purpose - The purpose of this paper is to reveal the contribution of counter-hegemonic communications towards the origins of anti-colonialism in French India during the years 1935-1937 and thereby to illuminate the relationship between press, economics and ideology in a colonial context. Design/methodology/approach - The paper presents a qualitative study of local archives in Tamil and French, including indigenous print communications such as the workers' paper Swandanthiram. These are used as a prism for analysis of the development of a workers' public voice during major textile strikes, and assessed in the light of John Downing's definitions of advocacy journalism. Findings - Communications were directly connected to disempowerment and lack of civil, political and economic rights. The formation of legal worker organisations for the first time and a new political party provided the context in which activist leaders adopted a twofold vertical and lateral strategy in their publications, to promote their formative anti-colonial ideas. Research limitations/implications - This research illuminates the relationship between press, economics and ideology in a colonial context, demonstrating the importance of economic factors in rise of nationalist movements and the way press usage is connected to basic civil, political and economic rights. Originality/value - The paper traces a forgotten episode in the history of a neglected corner of French empire, significant for the emergence of the indigenous population - including peasant women - for the first time from the private to the public sphere as an organised force - a factor that has previously been ignored by historians. [ABSTRACT FROM AUTHOR]

Purpose — The purpose of this paper is to develop a theoretical model to explore the economic consequences of an exogenous skill-biased technological change. Design/methodology/approach — The paper develops a theoretical model based on assumptions and conditions that replicate those of a government-sponsored poverty reduction programme in India. Findings — The paper finds that, under certain stated conditions, wage inequality between artisans with improved toolkits and those without is likely to increase, while, under a different set of conditions, this is likely to decrease. Research limitations/implications — Actual wage inequality implications of specific exogenous skill-biased technological changes need to be studied to take the theoretical model further. Practical implications — One major implication is that, when government help is provided by way of an exogenous skill-biased technological change to a fraction of workers, it may have the unintended consequence of increasing wage inequality between the beneficiary and the non-beneficiary workers. In extreme cases, it may even lower the equilibrium wages of the non-beneficiary workers. Originality/value — The paper brings out the critical role of efficiency units of workers with skill-biased technology (artisans with improved toolkits) and those without these in determining the wage inequality between these categories of workers (artisans) based on a theoretical model of the trajectory along which the rural economy moves. [ABSTRACT FROM AUTHOR]

Purpose - The purpose of this paper is to highlight that child labour is complementary to adult labour in the brick kiln industry. Design/methodology/approach - The paper presents a case study of bonded labourers in the brick kiln industry of Southeast India. Findings - The paper finds that child labour is used by parents in the moulding process in order to avoid falling into debt bondage. In this industry, brick making is organized as a home-based enterprise. Thus, child labour increases the family productivity and consequently its income. In case of a ban on child labour bonded parents will be worse-off. NGOs can play an essential role by preventing families from falling into bondage and by improving their living standards. Originality/value - The results may help the NGOs address child labour issues in the developing world. [ABSTRACT FROM AUTHOR]

Purpose: The phenomenon known as financialization of commodities, arising from the speculation in commodity derivatives market, has raised serious concerns in the recent past. This has prompted distortion in agricultural commodity prices driving them away from rational levels of supply and demand shocks. In the backdrop of financialized commodities leading to increase in price of agricultural products and their interaction with equity markets, the authors examine the investment of institutional investors in impacting the agricultural returns. The paper aims to focus on the financial mechanism that drives extreme values and the mean of agricultural returns. Design/methodology/approach: The authors employ the Threshold AutoRegressive Quantile (TQAR) methodology to find evidence of linkages between the Indian agricultural and equity markets from January 2010 to May 2020 consistent with the rise in inflows of institutional investors in agricultural markets. Findings: The results reveal that the investors impact the agricultural commodity markets strongly when the composite commodity index value (COMDEX) is low. Additionally, in the lower extreme quantiles (0.25) of agricultural returns, the integration between the equity index and agricultural returns is found to be highly significant compared to insignificant values in the higher quantiles (0.75 and 0.95) in both the regimes. The results suggest that low values of agricultural commodities are more closely linked to equity indices when composite commodity index value is low. This implies that, at the lower quantiles of COMDEX return (bad day), the investors move to the stock market. In that way, the commodity index returns are seen to be as a strong channel for the financialization of Indian agricultural commodities and suggesting potential involvement of investors during those regime. Research limitations/implications: Regulators need to anticipate the price fluctuations in spot and futures markets. Investors in commodity markets need to strengthen risk awareness to carry out portfolio strategies. Practical implications: From policy perspective, it is of pivotal importance to enhance the understanding of the financialization of agricultural products. The findings provide reference measures to stabilize the commodity markets, alleviate price distortions and carry out further evidence of price discovery and risk management in Indian commodity markets. Originality/value: To the best of the authors' knowledge, this study is the first to highlight the potential influence of financial markets on the financialization of agricultural commodities in an emerging economy like India. [ABSTRACT FROM AUTHOR]

Abstract Purpose -- The four Asian tigers, Hong Kong, Singapore, South Korea and Taiwan (also called Four Dragons) experienced miraculous high growth rates in the pre-1990s period and rapidly transformed their economic status from less developed "basket cases" to developed high-income countries gaining entry to the rich OECD club of countries. These countries even in the post-1990s, barring few years, have continued to grow further and are an inspiring role model for the newly emerging economies. The purpose of this paper is to adduce certain trends in these countries since the 1990s and specifically examine role of human capital and knowledge building, productivity convergence and intra-regional trade in the Asian tigers'. The authors examine these in the context of India. Design/methodology/approach -- The paper in a simple descriptive yet analytical approach explores the relevance of above factors in the Indian context. Findings -- The study observed that India ranks far below the Asian tigers in the knowledge economy index (KEI). The results at the sub-national level showed large disparities across the states in knowledge economy reflecting country's difficulties in catching up with other countries overall. Regarding labour productivity, the results show that India was moving away from the benchmark country until 1990 ( pre-reform period) and started catching up particularly due to physical capital (not necessarily human capital) since 1995 onwards. Originality/value -- The study is unique due to several reasons. First, it contributes to the literature examining contemporaneous Asian tigers and Indian economies performance as not many studies exist in this area. Second, the study also builds a unique first ever KEI at the sub-national level for India and is, therefore, a contribution in this respect. Finally, the study also contributes to the literature on Indian economic development. [ABSTRACT FROM AUTHOR]

Purpose -- The purpose of this paper is to examine the relationship between financial development indicators and human development in India using annual data from 1980-2012. Design/methodology/approach -- The Ng-Perron unit root test is used to check for the order of integration of the variables. The long run relationship and short run dynamics are examined by implementing the ARDL bounds testing approach to co-integration. Granger's non-causality test and variance decomposition techniques are also used to examine the impact of financial development indicators on human development. Findings -- The results confirm a long run relationship among the variables. The results of granger non causality indicate that unidirectional causality runs from financial development indicators to human development index (HDI). The variance decomposition analysis shows that among all the financial indicators, broad money supply (M3) has the largest contribution to changes in human development in India. Research limitations/implications -- The present study recommends for appropriate reforms in financial market to attain sustainable human development in India. The findings will be useful for India's policy makers, in order to maintain the parallel expansion of financial development and human development. Originality/value -- This paper is first of its kind to empirically examine the casual relationship between financial development indicators and human capital development proxied by HDI in India by using modern econometric techniques. Paper type Research paper [ABSTRACT FROM AUTHOR]

Purpose The purpose of this paper is to examine the structure of employment in the most urbanized state in India during the period 1983-2010. The paper also analyses the determinants of growth of farm employment in urban areas in the state of Tamil Nadu.Design/methodology/approach The paper compares trends in employment in Tamil Nadu with that of the country as a whole. In order to see whether there is evidence of Lewisian labor transfer, the study examines labor transfer between sectors and percentage distribution of workers in the rural and urban areas.Findings The paper finds that employment in the entire non-agricultural sector slowed down in 2009-2010 compared to 2004-05 in Tamil Nadu. The share of employment in primary sector in urban areas increased more sharply, experiencing slow economic transformation in the post-reform years. The analysis reveals that rapid rural-urban transformation could be one reason for more people in the primary sector in urban areas.Research limitations/implications Studying the employment structure at the district level, for which analyzing the district-level data collected and published by state’s Bureau of Economics and Statistics is required, would be helpful to discern a deeper influence of urbanization on structure of employment.Practical implications The results suggest that the issue needs further examination with analysis of the district-level data. Policy reforms should, therefore, be suitably oriented toward tapping the employment potential of both unorganized and organized segments in manufacturing, trade and services sectors. It is also necessary to ensure robust economic growth that creates decent jobs for all young educated people in the state.Originality/value The study explains the domination of farm employment in urban Tamil Nadu. Tamil Nadu is considered to be the most urbanized state in India. The reason for an increase in the share of primary sector employment in urban areas of Tamil Nadu is due to high urbanization in the post-reform periods. [ABSTRACT FROM AUTHOR]

Purpose – The purpose of this paper is to investigate the impact of financial development on the rural-urban income inequality in India using annual data from 1965 to 2008. Design/methodology/approach – The Ng-Perron unit root test is utilised to check for the order of integration of the variables. The long run relation is examined by implementing the ARDL bounds testing approach to cointegration. Findings – The results confirm a relation among the variables. Evidence suggest that financial development, economic growth and consumer prices aggravate rural-urban income inequality in the long run. Research limitations/implications – The present study offers fresh insights to policy makers on crafting appropriate policies that reduce rural-urban income inequality in India. Originality/value – The contribution of this paper is lies in extending the literature in the context of India towards an extensively researched area of rural-urban divide but in time series framework and utilization of a better approach of time series approach, i.e. ARDL. Specifically, to the best of the authors' knowledge, this is the first empirical study to test poverty-finance nexus using the basic principles of the GJ hypothesis and provide evidence of short- and long-run dynamics on the postulated relation for India. [ABSTRACT FROM AUTHOR]

Purpose – The purpose of this paper is to answer the question: does a bilateral free trade agreement (FTA) lead to an improvement in the security of a member country and greater peace between two member countries in the developing world? Design/methodology/approach – This paper reviews existing literature and uses the idea of non-economic gains from regional trading agreements to explain how Sri Lanka managed to use FTAs to neutralise India and obtain military assistance from Pakistan using its FTAs with two countries during the recently concluded war. Findings – Even though political objectives were not explicitly outlined in Sri Lanka's two FTAs with its big rival neighbours (India and Pakistan), the FTAs helped Sri Lanka to successfully execute the war against the LTTE (the Tamil Tigers) by neutralising India on the one hand and gaining military assistance from Pakistan on the other. Research limitations/implications – The research approach is basically qualitative. However, there is need to develop a comprehensive theoretical model to capture non-economics gains from FTAs. Originality/value – Although there is a growing body of literature on the underlying political and strategic motivations of countries forming regional and bilateral trading arrangements, this paper adds to understanding of what motivates small developing countries to form trade agreements with big neighbours. [ABSTRACT FROM AUTHOR]

Purpose - It is difficult to get an adequate account of human needs but there are known needs which, for hundreds of millions of people, are not met. Can the present economic system meet them? Can any economic system meet them? Is simple economic growth the answer? The purpose of this paper is to explore some of the questions, emphasizing the problems and paradoxes. Design/methodology/approach - The paper looks at India where poverty is rampant despite recent gains, and at Bhutan which ranks low in economic production but quite high on the "happiness scales". It also looks at questions of the relation of economic inequality to social problems, citing recent studies. Findings - The paper focuses on how well the world's economic systems address, or fail to address, human needs. Originality/value - This paper is written by a philosopher and writer on social economics (and Editor of International Journal of Social Economics (IJSE )) who works in a variety of fields: metaphysics and its epistemological relations, the theory of the history of philosophy (focusing on the seventeenth and nineteenth centuries), and moral, social, and economic philosophy and their relations to culture and religion. The paper then introduces the papers in this special issue of the IJSE devoted to human needs. [ABSTRACT FROM AUTHOR]

Purpose - In view of significance of social entrepreneurial activity for community development, the purpose of this paper is to attempt to identify attributes of social entrepreneurs and philanthropists among returning successful diaspora in North Indian villages. Philanthropists are defined by the fact that they only invest money, whereas the social entrepreneurs invest their activities as well. An attempt is also made to ascertain key determinants and processes influencing outcomes of social entrepreneurial activity with a view to facilitate it. Design/methodology/approach - Emphasis is on qualitative analysis based on interviews of scientifically sampled respondents. However, the paper suggests that the rational choice approach is inappropriate to address the issue of community development. An approach based on a broader view of man in works of some classical economists like Adam Smith is more useful. Findings - The results of empirical analysis suggest that there exist substantial factors, such as early socialization, experience in community work, education and health, that differentiate social entrepreneurs and philanthropists. Salience of relationship between formal and informal institutions, personal traits and social skills of social entrepreneurs in influencing outcomes of social entrepreneurial activity is indicated. By investing moral and material resources in communities, social entrepreneurs augment social capital and facilitate social action. In contrast, philanthropists may add to distortions in community functioning, especially if they opt to operate through largely dysfunctional formal local institutions due to structural impasse in rural areas. Research limitations/implications - The paper pertains to Indian Punjab, an area with a long history of emigration. However, researchers need to take into account distinct socio-economic conditions in Punjab when designing studies for other areas. Practical implications - Policy measures addressing hurdles in the way of social entrepreneurial activity can speed up the modernization of traditional communities. Originality/value - The paper adds to understanding of what motivates human behaviour in economic analysis of community development. Further, it makes an important distinction between the roles of the philanthropist and the social entrepreneur in community development. The paper would be useful to researchers desirous of doing similar exercises in other areas. [ABSTRACT FROM AUTHOR]

Purpose - The purpose of this paper is to study the impact of eco-tourism on the socio-economic characteristics of the native inhabitants and natural resources in Anamalai Tiger Reserve (ATR), India. The paper estimates the recreational value and measures the willingness to pay (WTP) of the stakeholders and tourists to conserve the forest eco-system. Design/methodology/approach - The paper draws upon theories and issues of eco-tourism to examine the economic value of forest ecosystem, including direct and indirect use values of the ecological regulatory services. The 60 sample stakeholders of the study were agricultural and forest dependents and tourist dependents in addition to 60 visitors of ATR spot. Findings - The travel cost had a significant negative influence on frequency of visits, while education had a positive impact. The agriculture and forest dependents, tourist dependents and tourists were WTP an average amount of Rs 202 (US$4.03), Rs 449 (US$9.55) and Rs 656 (US$14.00)/annum, respectively, towards internalizing eco-tourism-related externalities. The option value of conserving the ATR was estimated by contingent valuation method using bidding game technique. Education and number of animal species sighted have positively related to WTP and was highly significant. Social implications - The paper addresses the attitude of people towards conservation of the forest biodiversity, as well as increasing the income of the people via eco-tourism. Originality/value - The outcome implies that eco-tourism will reduce the dependency of forest and also create more employment and other tourism-related income augmenting activities and thus enhancing additional income through tourism related occupations. The paper suggests the establishment of several other eco-parks in Tamil Nadu for protecting the biodiversity as well as generating additional income and improving the livelihood security of the population. [ABSTRACT FROM AUTHOR]

Purpose: The purpose of this paper is to examine the nexus among public expenditure allocated to education, educational attainment at secondary level and unemployment rate in India for the period 1987–2017. Design/methodology/approach: The study employs autoregressive distributed lags (ARDL) bound testing approach suggested by Pesaran et al. (2001) to find the long-run relationship among the variables. The causal linkages are investigated through block exogeneity test based on vector error correction model. Findings: The empirical results indicate that educational attainment proxied by gross enrolment ratio at secondary level of education negatively affects unemployment rate in long run as well as in short run. However, public expenditure on education is ineffective in influencing both educational attainment and unemployment rate. Originality/value: The study is the first empirical effort to identify the causal nexus among public expenditure on education, educational attainment and unemployment in the context of India. Peer review: The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-06-2019-0396 [ABSTRACT FROM AUTHOR]

Purpose: This study presents time-series data estimations on the association between the indicators of institutional environment and inward foreign direct investment (FDI) in India utilizing a comprehensive data set from 1996 to 2021. Design/methodology/approach: The study employs the nonlinear autoregressive distributive lag (NARDL) model. The asymmetric ARDL framework evaluates the existence of cointegration among the factors under study and highlights the underlying nonlinear effects that may exist in the long and short run. Findings: The significance of coefficients of negative shock to "control of corruption" and positive shock to "rule of law" is greater when compared to "government effectiveness, regulatory quality, political stability/absence of violence." The empirical outcomes suggest the positive influence of rule of law, political stability and government effectiveness on FDI inflows. A high "regulatory quality" is observed to deter foreign investment. The "voice and accountability" index and negative shocks to the "rule of law" are exhibited to have no substantial impact on the amount of FDI that the country receives. Originality/value: This study empirically examines the institutional determinants of FDI in India for a comprehensive period of 1996–2021. The study's findings imply that quality of the institutional environment has a significant bearing on India's inward FDI. Peer review: The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-05-2023-0375 [ABSTRACT FROM AUTHOR]

Purpose: A few studies in India have related daughters' education to their fathers, but there is little to no evidence when it comes to the intergenerational relation between daughters and mothers' education. Using India Human Development Survey (IHDS) 2011–2012, the purpose of this paper is to investigate intergenerational educational mobility among women (15–49 years) (vis-à-vis their mothers) for all India. Design/methodology/approach: The study uses transition/mobility matrices and multiple mobility measures for the examination of intergenerational educational mobility among women (15–49 years) in India. The data have been taken from the "India Human Development Survey 2011-12." Findings: Findings indicate that intergenerational educational mobility at the all-India level is about 0.69, that is, 69 percent of the women acquire a level of education different from their mothers. Of the overall mobility, about 80 percent is contributed by upward mobility whereas the rest is downward. Mobility is greater in urban areas and is highest among the socially advantaged "Others" (or upper) caste group. Also, the upward component is substantially lower for socially disadvantaged groups compared to others. Further, there are large inter-regional variations, with the situation being worst in the central and eastern states such as Uttaranchal, Chhattisgarh, Bihar, Jharkhand, Assam, Arunachal Pradesh, Meghalaya, Manipur, Mizoram, Tripura, etc. Moreover, mobility (overall and upward) increases consistently as one moves up the income distribution. Originality/value: This study is perhaps the first study which comprehensively studies intergenerational educational mobility for women (15–49 years) at an all-India level. Findings not only capture the mobility at the aggregate level but also for different caste groups as well as regional variations and income effect. [ABSTRACT FROM AUTHOR]

Purpose The purpose of this paper is to carry out an empirical investigation of the role of various factors such as economics, social, marketing, cultivation and government in adoption of organic farming. Further, this study examines the factors that influence farmers' choice of adopting organic farming, based on their demographic classification such as education level, farm size, farming experiences and land ownership of the organic farmers.Design/methodology/approach To address the research objectives, the primary data were collected with the help of a structured questionnaire from 200 respondents. In this study, the QUAL–QUAN sequence of mixed method design was used. Four focus groups were conducted to identify the factors of organic farming adoption. Further, multinomial regression analysis was applied to analyze the differential impact of these factors in relation to the farmers' demographic classification.Findings The study found five major factors that affect the adoption of organic farming (economic, social, marketing, cultivation, government policy) in India. The study also observed that marketing and government policy factors were most crucial in influencing all types of farmers irrespective of their educational level. The farmers with more farming experience were more concerned about social factors. Similarly, the farmers using lease farms were found to be concerned about the economic viability of organic farming.Social implications This study suggests that without government support, the adoption of organic agriculture seems to be a highly challenging task in a situation, where majority of the farmers fall under the small and marginal category. Hence, to promote organic farming in a developing country like India, the government has to invest more in schemes where farmers should get exclusive training and support to strengthen their intention behind the adoption of the organic farming.Originality/value Based on the collective insights from the studies, the different stakeholders with interest in organic agriculture may frame necessary strategies to promote organic farming. [ABSTRACT FROM AUTHOR]

Purpose -- Religion and culture can influence ethical behavior in business. It is suggested that there has been and continues to be, a deep interrelationship between religion, business ethics, and economic activity in India. As India is becoming a major global economic business partner, understanding its unique ethical business infrastructure is gaining in importance. The purpose of this paper is to intend to further the understanding of Indian ("Vendantic") business ethics, as opposed to Greco -- Roman business ethics, as the foundation of business culture in India. This paper further elaborates on the evolution of business ethics and its implications on doing business in and with Indian companies. Design/methodology/approach -- The authors undertook a conceptual approach in order to understand the evolutionary process of Indian business ethics in a holistic view in order to understand better its workings and effect on business interaction. Findings -- The paper explains the constructs of business ethics in India and shows its evolution over time. Originality/value -- This original theoretical paper examines the evolution of Indian business ethics over time in line with environmental changes in the Indian business landscape. [ABSTRACT FROM AUTHOR]

Purpose The purpose of this paper is to investigate the intergenerational occupational mobility for young women (vis-à-vis their mothers) in India and six of its states from its diverse geographic regions which contribute 39 percent of the Indian population.Design/methodology/approach The study uses transition/mobility matrices and multiple mobility measures for examination of intergenerational occupational mobility among young females in India by using the data from the “India Youth Survey: Situation and Needs” from the year 2006 to 2007.Findings The study finds that intergenerational occupational mobility among the young women in India is about 71 percent, but surprisingly it is predominantly downwards. The urban areas have higher occupational mobility than the rural areas. However, upward intergenerational occupational mobility is lower among the young SC/ST women compared to the young women belonging to the “Others” caste category. Moreover, upward mobility in the economically and demographically poorer states is much lower than that of other states.Originality/value The present study is the only study which examines how women perform vis-à-vis their mothers in terms of occupational attainment in the Indian context. [ABSTRACT FROM AUTHOR]

Purpose The importance of banking and insurance, as an important part of the financial system, has been well accepted in the growth literature. Acting as financial intermediaries they perform important functions that may contribute in economic growth. Addressing this issue, the purpose of this paper is to empirically examine the relationship between banking, insurance and economic growth in India in the post-liberalized era when the private sector was allowed to operate banking and insurance business.Design/methodology/approach In order to find the long-run and short-run relationship between banking, insurance and economic growth, the study uses the VAR-vector error correction model (VECM) along with Granger causality test to explore any causal relationship.Findings The results indicate that there is the long-term relationship between banking, insurance and economic growth and the causality results show a bi-directional relationship between insurance activity and economic growth; however, banking is not granger cause of insurance or economic growth rather it is economic growth that cause banking development.Research limitations/implications The only limitation to the study is the non-availability of monthly figures of GDP. The study therefore, as suggested by RBI, uses monthly data set of Index of Industrial Production to measure economic growth.Practical implications The findings of the study give policy directions to the policymakers to make strategies that are conducive toward boosting development in insurance in order to achieve the targeted economic growth.Originality/value This work is the first attempt to study the conjoint relationship between banking, insurance and economic growth on the Indian economy after the reforms were initiated in the financial sector. [ABSTRACT FROM AUTHOR]

Purpose The purpose of this paper is to employ a two-step approach to investigate the bi-directional causal linkage between: economic growth (measured by GDP) and public expenditure on health; public expenditure on health and infant mortality rate (IMR); and economic growth and IMR in the Indian context.Design/methodology/approach The present study uses econometric analysis, namely, panel cointegration and Granger causality on 20-year panel data on 16 major Indian states to investigate the causality.Findings The results suggest GDP to Granger cause public expenditure on health both in the short run and in the long run, but public expenditure on health to Granger cause GDP only in the long run. Further, public expenditure on health and economic growth were found to Granger cause IMR in the long run. However, the reverse linkage from IMR to public expenditure on health and/or economic growth was not significant.Research limitations/implications The present study provides support to the existing literature on the effects of economic growth on health expenditure and health outcomes but also raises a question on the time required to realize the same.Practical implications The findings have implications for policy makers on the time frame and application of health expenditure to achieve better results.Originality/value The present study is one of the first to test the tripartite linkage between economic growth, public health expenditure and health outcomes at a state-level analysis. [ABSTRACT FROM AUTHOR]

Purpose: Farmer producer organisations (FPOs) are considered as a strategy to improve the livelihoods of small farmers through economies of scale by providing collective strength to farmers for improved access to production technology, value-addition services, high-quality inputs and marketing services for improving their incomes. This study investigates the impact of FPO membership on organic farming household's income in Northeast India. Design/methodology/approach: This study uses field survey data collected from all four districts of Sikkim. Primary data were obtained from a survey of 560 organic farming households, 280 of which are FPO members and the rest 280 are non-members. Propensity score matching (PSM) is used to estimate the impact of FPO membership on net returns, return on investment (ROI) and profit margin. Findings: Results show that the FPO members had, on average, Rs. 7,254–8,133 higher annual net returns, 4.6–4.8% higher ROI and 8–8.4% higher profit margin than the non-members. The findings confirm that FPO membership has a positive and significant impact on net returns, return on investment and profit margin. Also, heterogeneity analysis indicates that FPO membership has larger positive impact on relatively bigger farmers and female-headed households. Research limitations/implications: As the study was based on a cross-sectional survey, the findings may be subjected to some limitations. Originality/value: This study is based on a novel data set, collected specifically to examine the economic impact of FPO membership on organic farming in India. Peer review: The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-06-2023-0451 [ABSTRACT FROM AUTHOR]

Purpose: Financial satisfaction is a potential ambition of individuals' lives that requires well-strategized economic behaviors. The authors examine the impact of various factors on the financial behavior (FB) and financial satisfaction (FIS) of individuals in India's National Capital Region (NCR). Design/methodology/approach: Through a literature review, a survey questionnaire was formulated using existing scales on FIS. For more in-depth insights, data are obtained from 427 respondents in the NCR region using self-administered questionnaires. This article used "partial least square structural equation modeling (PLS-SEM)" to inspect the hypothesized model of individuals' FIS. Findings: According to the study results, financial attitude (FA), financial self-efficacy (FSE), financial knowledge (FK) and demographic characteristics (DC) significantly influence FB. Conversely, financial stress (FS) negatively impacts FB. It also highlights that FA, FSE, FK and FB all significantly impact FIS. Nevertheless, FS and DC insignificantly influence FIS. Originality/value: To the best knowledge of the authors, this article is an initial attempt to offer a novel perspective of individuals' FB and FIS in India. It would help the government and stakeholders by providing various pioneering economic schemes and making policies that help increase individuals' FIS. Peer review: The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-03-2023-0239 [ABSTRACT FROM AUTHOR]

Purpose: A woman's nutritional status significantly determines her overall well-being. The authors critically examine the trends — including socioeconomic disparities — in undernutrition among Muslim women in India, a notably socio-economically disadvantaged group. The authors also investigate trends and variations across the dimensions of caste, place of residence (rural/urban), education, economic status and geographic regions. Design/methodology/approach: The analysis leverages the nationally representative National Family Health Surveys (NFHS) of India conducted between 1998 and 2021. The authors examined poor–rich ratios, concentration indices, disparity ratios and predicted probabilities of being underweight (captured using Body Mass Index). Findings: From 1998 to 2021, there has been a decline in undernutrition prevalence among Muslim women. However, stark socioeconomic variations persist. While the prevalence has decreased over time across all socioeconomic groups, disparities — both within and between groups — remain significant and, in many cases, have expanded. For certain socioeconomic subgroups (e.g. Muslim women with no formal education or those in the Central and Northeast regions), the disparity doubled between 1998 and 2021. In regions like the South, where undernutrition prevalence is low or has reduced, disparities remain significant and generally have increased. Originality/value: To the authors' knowledge, the study is the first to provide a comprehensive examination of the prevalence, trends and socioeconomic disparities in undernutrition among Muslim women in India over the past two decades. Peer review: The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-04-2023-0320 [ABSTRACT FROM AUTHOR]

Purpose – Child labour in several low-income households is rather pursued for gaining experience and at times for meagre incomes, which are possibly spent on household food expenditure. The purpose of this paper is to estimate the incidence of child labour and identifies the factors which explain participation of the children in the labour market. It also focuses on some of the outcomes of labour market participation of the children. Design/methodology/approach – Based on the primary survey of the slum households in four Indian cities this paper applies certain quantitative techniques to estimate child labour and the factors that explain their participation in the labour market. Findings – Though the contribution made by the child labour to the overall well-being does not turn out to be substantial, without child labour these households would have been much worse off than the households which can afford not to have child labour. The probability of working is higher for a male child compared to a girl child. This is because the girl children are often engaged in household activities and even when they are engaged in income earning jobs they are shown as helpers. Parents' income as such may not be having a positive impact on child's education. Originality/value – The study is based on a primary survey. It employs certain indirect methods to arrive at a more realistic estimate of the incidence of child labour. Besides, it focuses on the quantitative methods to identify the factors that explain child labour. Finally the policy implications are brought out. [ABSTRACT FROM AUTHOR]

Purpose – The purpose of this paper is to compare the new Census 2011 results with the results of the previous Censuses and assess the progress in trends of population growth, literacy rate, and sex ratio imbalance and also to highlight the critical socioeconomic issues based on short-term trends and patterns. Design/methodology/approach – The paper is structured in a "commentary and perspective" format. The paper assesses key demographic and socioeconomic features of India's population using 2011 Census data, and compares progress in population and social trends with the results of previous Censuses. The paper also uses data from the National Family Health Survey (2005-2006) and the United Nations World Population Prospects (2008) to complement Census results and understand the underlying reasons for the progress or deterioration in critical demographic and socioeconomic indicators. Findings – The provisional results of the 2011 Census data reveal a mixed bag of insights. On the positive side, there has been steady progress in population stabilization and a swift ascent in female literacy since 1991. These encouraging trends, among others, represent major driving forces of demographic and economic returns for India in the coming decades. However, on the negative side, the 2011 Census reveals a deplorable deterioration in the female-male ratio of the child population aged 0-6 years, despite India's enforcement of targeted policy measures following the 2001 Census. The country needs to take careful stock of this issue, as its advancing demographic transition and changing socioeconomic circumstances are rapidly translating into an adverse trend of girl child discrimination. Originality/value – This study compares India's most recent two Censuses and provides original analytical insights into India's progress in population stabilization and development, and the setbacks it faces in terms of gender inequalities. Region and state-wise analyses are additional contributions based on disaggregated state level data from the recent two Censuses. [ABSTRACT FROM AUTHOR]

Purpose - The purpose of this paper is to specify some historical and current issue regarding this subject. Like, what has been the relative importance attached to the different aspects of policy; what has been the pace and progress of reform process. Design/methodology/approach - The paper begins with a short discussion of the background of the study and overview of post-independence economic policy. Hence it is a descriptive study that it finds some data from government site. This paper is thought to provide more reliable information about above impacts for policy makers and State and Central Government. Findings - The paper specifically focuses upon economic reforms and social justice in India, issues relating to the progress of economic reforms, need of reforms for human face. More generally, the paper suggests that government should make relatively limited use of key performance Indicators for economic reforms and have high-level participation rates benchmarking for social justice exercises. Research limitations/implications - Some implications are the timing of the various policies and, more importantly, their sequencing and the relative importance attached to the different aspects of policy, in as much as domestic priorities relating to the provision of education, health and employment, globalization of the economy. Practical implications - The paper can help to promote administrative, managerial, and financial support for economic reforms and social justice in India and emphasis the responsibility to the state and central to enlarge reforms opportunities and encourage economic development. Originality/value - Indian Government decides to accelerate the rate of economic growth and to speed up industrialization, to develop heavy industries, to reduce disparities in income and wealth through economic reforms and social justice. [ABSTRACT FROM AUTHOR]

Purpose — Quality and business excellence awards that recognize excellent organizational performance have become a major driving force in enhancing the competitiveness of Indian firms in the global economy. While the frameworks underlying these awards have been used extensively by organizations, little empirical evidence exists regarding the validity of these frameworks as a predictor of building competitiveness. This paper aims to address this issue. Design/methodology/approach — This study critically examines the framework of one of the leading awards of India by testing the relationship between stakeholder results and enabling practices using regression analysis, structural equation model and data envelopment analysis. Findings — The results of the study reveal that the framework is used by the organizations to enhance firm level competitiveness but not as a tool to contribute to national competitiveness. Research limitations/implications — There is scope for further research to review the effectiveness and validity of this model by applying the model in selected organizations and to examine whether there is any significant improvement in results and practices over a period of time. The findings can also be compared with results and practices of those organizations not practising this model. Practical implications — This study suggests a framework that not only helps an organization in positioning existing initiatives and identifying gaps in its journey of competitiveness but also links its enabling practices and planned results to the growth process of the country. Originality/value — Global competitiveness serves as the starting-point for instituting the Confederation of Indian Industry's (CII) theme of ‘Competitiveness of India Inc.’ and initiating CII Institute of Quality's (IQ) task of developing a model of competitiveness that aspires to integrate the process of building competitiveness of an organization with that of a country. These two become the driving factors for forming a basis of the model of competitiveness that aims to build competitiveness at the organizational level contributing to competitiveness at the country level. [ABSTRACT FROM AUTHOR]

Purpose — This paper sets out to explore the trends of social responsibility of the corporate sector in India. Design/methodology/approach — The methodology being followed in the paper is exploratory in nature as data are scanty. An analysis has been done on an overall score drawn from a structured questionnaire being administered. Findings — Trends in socially responsible initiatives are both positive and crucial in nature in India. Research limitations/implications — The vastness of the corporate activities in a big country like India, on the one hand, and the scanty data availability, on the other, lead to issues being restricted in some sectors. Practical implications — This research has a tremendous effect on society with respect to the CSR approach being conceived, adopted and initiated by UN Global Compact. Originality/value — The paper has touched on the cutting-edge research initiatives in the field of CSR. [ABSTRACT FROM AUTHOR]

Purpose — This paper seeks to give an idea about the role of ethics and values in the Indian economy and business in ancient times and the changed nature of these factors in the contemporary period. Design/methodology/approach — Books and writings from ancient times are used for discussions related to the earlier periods. Studies by the author and other scholars are used to analyze the contemporary situation. Findings — Ethics and values have guided the Indian economy and business since ancient times. With the large-scale destruction of the native systems in the eighteenth century, and the failure to recognize and revive them after independence, ethics and noble values ceased to guide the economic and business systems. At the local business and society levels, higher human qualities such as help, faith-based business transactions and basic norms are present even today, especially at the non-corporate level. Research limitations/implications — This paper does not discuss different aspects of ethics and values in detail. For contemporary times, it takes up only a few higher human values such as help, faith and broad-based norms in business promotion and transactions. Practical implications — It highlights the contribution of higher human values such as help, faith and unwritten norms to the business and economy of contemporary India. Originality/value — It presents that, even in contemporary times, higher values such as help, goodwill and faith-based transactions help in the economic and business development of India. [ABSTRACT FROM AUTHOR]