ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Impact of COVID-19 on the Indian Banking Sector

This article investigates the impact of COVID-19 on the banking sector through the trend analysis of return on assets and return on equity of the scheduled commercial banks. It covers both the pre- and post-lockdown periods. The results suggest that the governmental measures are helping ameliorate situations of bad quality loans and will improve future prospects of the banking industry.

Theoretical Analysis of ‘Demonetisation’

With the aid of simple theoretical tools used in classroom lectures, the implications of the recent “demonetisation” exercise in India are analysed. It lends support to conclusions reached by other authors on the impact of demonetisation with the aid of available data. Following Robert Lucas’s Nobel lecture, the merits of economic policies that assume the form of random shocks to an economic system are questioned.

Recent Trends in Wealth Inequality in India

An analysis of the trends in wealth ownership and its inequality in India between 1991 and 2012 using three rounds of All-India Debt and Investment Survey data reveals a greater concentration of wealth with the top 10%, particularly after 2002. A dramatic shift in the decile-wise patterns of annual growth rates of assets in favour of the top deciles, particularly the topmost, has also been witnessed. The study considers the extent of wealth inequality by sector, state, and social and religious groups as well. It is hypothesised that the rising levels of wealth inequality are deeply linked to the growth strategy being followed, by which the gains from growth have been redistributed among those who were already wealthy.
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