Banking Sector Development and Economic Growth in India

Sasikanta Tripathy and Rudra P. Pradhan
Additional contact information
Sasikanta Tripathy: Sasikanta Tripathy (corresponding author), Faculty, Department of Humanities, Social Science and Management, NIT, Jamshedpur 831 014, Jharkhand, India. E-mail: stripathy.iitkgp@gmail.com
Rudra P. Pradhan: Rudra P. Pradhan, Assistant Professor, Vinod Gupta School of Management, Indian Institute of Technology Kharagpur, India. E-mail: rudrap@vgsom.iitkgp.ernet.in

Global Business Review, 2014, vol. 15, issue 4, 767-776

Abstract: This article investigates short-run as well as long-run relationships, and also causality relationships between banking sector development and the economic growth of India for which empirical analysis is performed using annual data. We use a new data set of banking sector development indicators to argue that banking sector development substantially affected economic growth. We find strong evidence that banking sector development caused economic growth in the Indian economy, especially in the period between 1960 and 2011, covering 52 years of the post-independence period for India.

Keywords: Banking sector development; economic growth; Granger causality (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0972150914543421 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:globus:v:15:y:2014:i:4:p:767-776

DOI: 10.1177/0972150914543421

Access Statistics for this article

More articles in Global Business Review from International Management Institute
Bibliographic data for series maintained by SAGE Publications ().