Search

Many countries are taking steps to establish national strategies to improve the financial wellbeing of their people. However, financial wellbeing as a term is still at infancy stage with a handful of model developed in the context of developed countries. Thus, there is a need to understand financial wellbeing from a multi-disciplinary and multi-dimensional approach to draft and implement efficient strategies especially in the context of developing countries like India. In our paper we have employed path-analysis to identify the specific constituents of financial literacy, financial behaviour, and personality traits that affect an individual’s financial wellbeing (perceived and objective) in Indian context. Survey responses of 349 respondents are analysed to empirically validate the proposed relationships using partial least squares structural equation modelling (PLS-SEM) approach. Our analysis mostly provides support to existing literature and challenges some. The findings provide support to thirteen out of seventeen tested effects with eight hypotheses. The understanding of pathways that lead to the increased financial wellbeing of individuals have the potential to facilitate effective policymaking and curriculum designing to support individuals’ efforts towards higher financial wellbeing and responsible financial behaviours.

The recent COVID-19 pandemic has not only resulted in the loss of human lives but also distressed economies The impact of this crisis is even higher in emerging economies like India due to already slowing growth rates, poor health infrastructure, and a significant population living in extreme poverty While the government is taking measures to handle this crisis, nobody can be sure if these measures are adequate, as this will depend on how soon the spread of the virus is contained in the country However, understanding the depth of the impact of COVID-19 pandemic on the Indian economy is vital to formulate the policy and measures to contain this economic impact This paper attempts to understand the impact of COVID-19 pandemic on the Indian economy by employing a qualitative research design, based on sentiment analysis to understand 15 industry experts' opinion concerning the socio-economic impact of COVID-19 The study makes a theoretical as well as applied contribution to the field of study While theoretically, it contributes to the field of pandemic research, public health management, and disaster management;in an applied sense, we propose a set of measures for the policymakers based out in India, as well as in other emerging nations of the world

The Covid-19 epidemic is a public health emergency of international concern. It poses a massive risk for the human race across the planet, calling for the need to take measures at the local, regional, national, and global levels. South Asian countries stand more vulnerable to the pandemic due to their dense population, poor infrastructure, and low surveillance system. This paper aims to understand the challenges from the Covid-19 pandemic for South Asia; and investigates the strategic and operational responses to this pandemic by policymakers and healthcare professionals, respectively, in South Asia. The study uses interviews and opinions of policymakers and doctors, from the South Asian region, involved in tackling the Covid-19 crisis. The qualitative analysis is performed on these interviews and opinions by using NVivo 12 software. The findings indicate that policymakers and healthcare providers across South Asia have been showing efficient teamwork while dealing with this pandemic. The healthcare administrators being at the operational level, convey the challenges they face to the policymakers who then respond to them at a strategic level.