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Purpose: Human capital is a portfolio of rich skills that the labour possesses. Human capital has attracted significant attention from scholars. Nevertheless, empirical findings on the utility of human capital have often been divided. To address the research gap in the literature, the authors attempt to understand how human capital plays a significant role in financial development and economic growth nexus. Design/methodology/approach: The authors rely on secondary data published by the World Bank. The authors use econometric tools such as the autoregressive distributive lag (ARDL) model and related statistical tests to study the relationship between human capital, India's financial growth and gross domestic product (GDP) growth. Findings: Study findings suggest that human capital and financial development contribute significantly to economic growth. Further, the authors found that human capital has a positive and significant moderating effect on the path of joining financial development and economic growth. Practical implications: The study contributes to the human capital debate. Despite the rich body of literature, the study based on World Bank data confirms the previous findings that investment in human capital is always useful for the financial and economic growth of the nation. Originality/value: This paper reveals some unique findings regarding effect of financial development and economic growth nexus which opens the window of new dimension to think about their nexus. It also provides a different pathway to foster the economic growth by using human capital and financial development as together, especially in India. [ABSTRACT FROM AUTHOR]

This paper examines the linkages of various financial inclusion parameters on economic growth for an emerging economy viz., India to review the policy measures implemented in this sphere. In this context, in addition to standard measures of financial inclusion, this study incorporates auxiliary indicators also like mobile and card statistics, usage of electronic channels, pension and insurance subscribers to obtain a comprehensive assessment of the impact of financial inclusion on economic growth in the Indian economy. Bayesian vector autoregression is applied that is established to provide robust results even in small sample sizes and examines the role played by individual measures of financial inclusion separately on overall growth. It is evidenced that factors like branch network, electronic remittance services, and insurance schemes display a significant role in affecting economic growth in India. [ABSTRACT FROM AUTHOR]

Purpose: The present study provides evidence on export advantages of horticultural commodities based on competitiveness, trade balance and seasonality dimensions. Design/methodology/approach: The study delineated horticultural commodities in terms of comparative advantage, examined temporal shifts in export advantages (mapping) and estimated seasonality. Product mapping was carried out using the Revealed Symmetric Comparative Advantage (RSCA) and Trade Balance Index (TBI). Seasonal advantages were examined through a graphical approach along with the objective tests, namely, modified QS-test (QS), Friedman-test (FT) and using a seasonal dummy. Findings: Cucumbers/gherkins, onions, preserved vegetables, fresh grapes, shelled cashew nuts, guavas, mangoes, and spices emerged as the most favorable horticultural products. India has a strong seasonal advantage in dried onions, cucumber/gherkins, shelled cashew nut, dried capsicum, coriander, cumin, and turmeric. The untapped potential in horticulture can be addressed by handling the trade barriers effectively, particularly the sanitary and phytosanitary issues, affecting the exports. Proper policies must be enacted to facilitate the investment in advanced agricultural technologies and logistics to ensure the desired quality and cost effectiveness. Research limitations/implications: Commodity-specific studies on value chain analysis would provide valuable insights into the issues hindering exports and realizing the untapped export potential. Originality/value: There is no holistic and recent study illustrating the horticulture export advantages covering a large number of commodities in the Indian context. The study would be helpful to the stakeholders for drawing useful policy implications. [ABSTRACT FROM AUTHOR]