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Does Financial Outreach Engender Economic Growth? Evidence from Indian States

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  • Ghosh, Saibal

Abstract

The paper makes a systematic attempt to ascertain the nexus between finance and growth at the sub-national level for an emerging economy. Using data on major states in India for 1973 to 2004, the analysis indicates significant regional divergences in financial outreach across states, as also in terms of their income characteristics. As well, while indicators of financial outreach have exhibited improvements, their relationship with growth appears to have become tenuous, especially over the reforms period.

Suggested Citation

  • Ghosh, Saibal, 2009. "Does Financial Outreach Engender Economic Growth? Evidence from Indian States," MPRA Paper 32072, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:32072
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    File URL: https://mpra.ub.uni-muenchen.de/32072/1/MPRA_paper_32072.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    inclusion; sub-national; economic growth; India;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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