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Macro-level studies on intergenerational mobility among women in India suggests that, there is a need to further probe certain excluded communities that have a higher likelihood of persistence of educational status among women through micro-level studies. The present study investigates the extent and drivers of high/low intergenerational educational mobility among young women (vis-à-vis their mothers) belonging to the weavers' community of Varanasi, India. Using transition/mobility matrices and mobility measures, along with qualitative methods, the paper builds on a mixed-methods study conducted among 364 households of weavers' community from Varanasi. The qualitative data includes a total of 8 respondents with 5 KIIs and 3 IDIs. The study shows that the overall intergenerational educational mobility among women (vis-à-vis their mothers) from the weavers' community of Varanasi is 0.30 and there is no downward mobility. The qualitative findings further highlight various reasons enabling or preventing high educational mobility in the given context. In conclusion, the paper illustrates several micro-level issues and disparities in intergenerational educational mobility that are not clearly evident through the macro-level studies and further helps in making informed policy decisions. [ABSTRACT FROM AUTHOR]

The outcome of economic growth is visualised as the well-being of citizens or human well-being (HWB). However, it has been a great challenge to measure HWB. Though there are known reasons for considering GDP and its growth as a measure of overall development and progress of nations, yet mostly it is being used as a gospel indicator to compare nations and design appropriate policies. This paper is an effort to develop a comprehensive adjusted GDP to measure HWB through secondary data for thirty years (1990–91 to 2019–20) in India. We make thirty-five adjustments to net national income (NNI) to compute the adjusted national income (ANI) index based on the system analysis approach. The empirical findings show that the gap between NNI and ANI has been growing over time, and the ANI index shows an increasing trend. Through the analysis it is suggested that economic growth should be focused only if it improves HWB (full or partial). The paper attempts to make intervention into policy shift for improving HWB vis-à-vis happiness of people. [ABSTRACT FROM AUTHOR]

Globally, financial well-being has received considerable attention from researchers and policymakers as an indicator of financial health in the aftermath of financial shocks. Additionally, financial inclusion has been a priority for developing countries in their efforts towards poverty alleviation and bringing vulnerable populations into the mainstream financial system. Moreover, the shift in digital technologies and financial services has overcome access and usage barriers through the acquisition of digital financial literacy. This paper develops novel multidimensional indices and investigates the relationship between financial well-being, financial inclusion, and digital financial literacy. The study utilizes data from InterMedia's Financial Inclusion Insight (FII) 2016 Survey conducted in India. The results indicate that both financial inclusion and digital financial literacy have a significant positive impact on financial well-being. However, considering the potential endogeneity bias, instrumental variable 2SLS regression reveals that financial inclusion plays the most crucial role in defining financial well-being. Our findings help policymakers recognize the importance of demand-side financial inclusion and digital financial literacy in promoting financial well-being, which may be achieved through robust financial and digital literacy programs. Additionally, the study contributes to the financial well-being literature by incorporating essential attributes of financial inclusion and digital financial literacy. [ABSTRACT FROM AUTHOR]