Please use this identifier to cite or link to this item:
Full metadata record
DC FieldValueLanguage
dc.contributor.authorBansal, Anjali-
dc.identifier.citationBansal, A. (2014). Financing Indian growth : a case study of Sonepat District in Haryana. Journal of Corporate Governance, Insurance and Risk Management, 1(1), 89-106.en_GB
dc.description.abstractThe paper is based on UGC sponsored major research project recently completed. Major finding of the project has been that the Indian financial sector has failed to assist in the growth process of the economy. Granger causality tests on quarterly data in the framework of VAR and VEC models have been used to establish the results. These results hold at the aggregate economy level and also at the sectoral level. The reasons are to be found in the working of the financial system as experienced by the demand side of loanable funds. The field study conducted under the project has brought out that not only has the system failed to contribute to economic growth but also that its functioning is highly lopsided. Primary data collected through field survey points to a biased allocation of the available funds by the banking system and a substantial presence of the informal sources of credit in the economy. While the informal real sector is the one that primarily contributes to the growth of the Indian economy the dismal reality is that its financial needs are barely served by the mainstream financial sector. This in itself explains the failure of the financial system to contribute to economic growth. Since the finance growth linkages are found to be weak/ absent, an important implication of the result is that controlling inflation in India using tight credit policies can be achieved with minimum costs to growth of the real sector.en_GB
dc.publisherGovernance Research and Development Centre, Croatia & University of Malta, Faculty of Economics, Management and Accountancy, Department of Insuranceen_GB
dc.subjectEconomic development -- Indiaen_GB
dc.subjectEconomic forecasting -- Indiaen_GB
dc.subjectBusiness forecasting -- Indiaen_GB
dc.subjectInvestment analysis -- Indiaen_GB
dc.subjectFinance -- Indiaen_GB
dc.subjectAsset allocation -- Mathematical modelsen_GB
dc.subjectMonetary policy -- Indiaen_GB
dc.titleFinancing Indian growth : a case study of Sonepat District in Haryanaen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publication.titleJournal of Corporate Governance, Insurance and Risk Managementen_GB
Appears in Collections:JCGIRM, Volume 1, Issue 1, 2014

Files in This Item:
File Description SizeFormat 
Financing Indian growth.pdf208.93 kBAdobe PDFView/Open

Items in OAR@UM are protected by copyright, with all rights reserved, unless otherwise indicated.