Credit Accessibility Across Indian States - Evidence From Club Convergence

Salman Haider and Masudul Hasan Adil ()
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Masudul Hasan Adil: Sri Ramachandra Institute of Higher Education and Research, Chennai, India

Asian Economics Letters, 2024, vol. 5, issue 2, 1-6

Abstract: Indian states are immensely heterogeneous in terms of their socioeconomic activities. The economic structure of India is consequently bifurcated too. This study examines, under given heterogeneities, whether credit accessibility among states converges over time, particularly in industrial and agricultural lending. We employ the concept of club convergence and find that substantial heterogeneities and multiple transition paths exist for industrial credit convergence across states, while agriculture credit is relatively less heterogeneous as compared with industry. Therefore, more attention is required to reduce access to banking credit for industries in poorer states.

Keywords: Credit accessibility; Club convergence; Agriculture; Industry; India (search for similar items in EconPapers)
JEL-codes: C23 E5 H81 (search for similar items in EconPapers)
Date: 2024
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