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Articles by Suresh Babu MSubscribe to Suresh Babu M

Outreach of Formal Banking Services and Financial Inclusion

Vol. 57, Issue No. 43, 22 Oct, 2022
Elayaraja M S, Suresh Babu M, Arun Kumar G

This paper attempts to examine financial inclusiveness in major states of India. Using banking outreach services data from 1981 to 2018, we construct an index of financial inclusion. Although the outreach of formal banking services is well-dispersed across the states, there is a large variation among the states in terms of its access and usage. The evidence suggest that there exists a need to focus more on spreading financial literacy and create awareness about banking services in the poorer states to achieve a higher degree of financial inclusion.

Budget and Growth

Vol. 41, Issue No. 20, 20 May, 2006
Suresh Babu M

The current wave of economic growth is not unique to India, it is a global phenomenon. India's average growth rate over 2000-04 is identical to that of other emerging market and developing economies, though it is lower than that of developing Asia. Growth has been consumption led, via credit expansion, and yet there are no specific measures to stimulate savings and investments or enhance productivity in the 2006-07 budget.

India's Recent Economic Growth

Vol. 40, Issue No. 30, 23 Jul, 2005
Suresh Babu M

India?s recent growth episode is strikingly different than earlier in terms of magnitude and sectoral pattern, as well as the sources of growth. However, viewed from a long-term perspective, growth seems to have acquired an unwavering rate in the last two decades. This is an outcome of the weakening of inter-sectoral linkages, which impose constraints on sectoral growth in the short run and on overall growth eventually. There is a need to look ?inward? at the sectors and mutually reinforce their dependence to foster employment and output growth.

Competition and Competitiveness among States

Vol. 37, Issue No. 13, 30 Mar, 2002
Suresh Babu M

The uneven growth of states in industrial activity and investment highlights the a priori need for enhanced competitiveness. The state governments have an important role to play in the acquisition of competitive assets with proactive policies, such as in infrastructure, complemented by competitive processes. Such a policy matrix will be required if some of the states are to overcome negative investor perceptions of potential returns on investment.

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