Press release
“Long-term relationship exists between financial development and economic growth in India” : Study Prof. Naliniprava Tripathy, IIM Shillong
Prof. Saurabh Agarwal, Principal, IIF College of Commerce & Management Studies while welcoming Prof. Dr. Nalini Prava Tripathy in the Webinar said academic world would get immense value from the deliberations in the webinar. Prof. K.K. Panda, former Registrar, University of Delhi chaired the webinar.
According to Dr. Tripathy, the study explored the link between the financial development and economic development in India by employing correlation test, Granger causality test and Johannsen cointegration test from April 2003 to July of 2016. The study indicated that the increase or decrease of the exchange rate is having an impact on stock market volatility and the performance of stock market influences the total volume of trades. It also noticed that increase of industrial production leads to increase the volume of trades in the stock market and vice-versa. The unidirectional causality also found between inflation and industrial output, inflation and exchange rate, industrial production and exchange rate.
The study employed Johansen’s multivariate cointegration tests to examine if there exists a long-run cointegration between financial development and economic growth said Prof. Tripathy. The Johansen’s cointegration test indicates that there exists a long-term relationship between financial development and economic growth in India. Recursive Coefficient Estimates also confirm the long run stability relationship between financial development and economic growth in India.
According to Prof. Tripathy, the study has a significant impact on the global and institutional investors to make better investment decisions. The study also provide insights to the investors to formulate investment strategies in a better way to manage in broad market movements.
Future research are being carried out by including other market indicators such as oil price, real interest rate, money supply that are also highly visible and influencing the stock market development and economic growth said Prof. Tripathy.
Prof. Aman Agarwal, Secretary, IIFCCMS thanked Prof. Dr. Naliniprava Tripathy, Prof. K.K. Panda and the audience for excellent deliberations. The webinar was attended by over 620 students, parents, experts and academia from all over the country. The webinar was also relayed live through facebook.
IIF College of Commerce and Management Studies
45A, Knowledge Park III
Greater Noida – 201310
db@Iif.edu
IIF College of Commerce and Management Studies, is Non-profit educational institution, affiliated to Chaudhary Charan Singh University, Meerut.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release “Long-term relationship exists between financial development and economic growth in India” : Study Prof. Naliniprava Tripathy, IIM Shillong here
News-ID: 2399142 • Views: …
More Releases from INDIAN INSTITUTE OF FINANCE
"Banks should pay interest on monthly basis on Savings Accounts & Deposits of ov …
Prof. Aman Agarwal (Director, Indian Institute of Finance) welcomes the decision of Reserve Bank of India (RBI) to have accommodative stance by keeping the policy (interest) rates unchanged despite the changes in interest rates affected in some of the countries.
Prof. Agarwal in a letter to the RBI Governor, Shri Shaktikant Das and the Finance Minister Shrimati Nirmala Sitaraman, has urged that RBI to consider the payment of interest on…
“Commerce and Business Studies open a plethora of career options” : Prof. An …
Commerce is an interdisciplinary subject covering Accounting, Finance, Marketing, E-Commerce, Taxation, Auditing and Management said Prof. Anil Kumar, Professor, Shri Ram College of Commerce, University of Delhi, Delhi, while delivering a Webinar on Opportunities in Commerce and Business Studies organised by IIF College of Commerce and Management Studies, Greater Noida. He further explained that students need to have the skills of analysing numerical data, good communication and problem solving ability…
“Banking System Stability Index (BSSI) proposed to Rank the Banking Systems in …
IIF has developed a Banking System Stability Index (BSSI) to rank the banking systems in different economies. BSSI has been developed using key financial system soundness indicators which then leads to the determination of ranks of the banking Systems in 127 countries worldwide. This is for the first time that such an index has been developed and countries based on their BSSI, have been ranked. All countries have been…
“India is a Rising Star in the area of Research”: Dr. J.D. Agarwal
Indian Institute of Finance is organising its IIF International Research Conference and Awards Summit 2020 from 27th September, 2020 to 29th September, 2020 with over 198 speakers from 41+ countries 78+ Cities, 85+ research Papers, 101+ Universities. The Three day Conference would also host a Doctoral Colloquium, Summit Addresses and IIF Research Professor Award 2020. The Conference is chaired and moderated by Prof. Aman Agarwal, Professor of Finance & Dean…
More Releases for Prof
Ear Ringing How to Treat by Prof. Dr. Luis Gavin
By Prof. Dr. Luis Gavin, King’s College and Gargash Hospital in Dubai
Professor Dr. Luis Gavin – a leading international Speaker, Maxillofacial Surgeon from Spain, Specialist in ear ringing and tinnitus, dealing with hundreds of patients each year.
Ear ringing is the perception of noise or ringing in the ears. It can cause hearing loss, loudness, discomfort and imbalance. Sadly, many cases often go untreated or are misdiagnosed as Meniere's disease, vertigo,…
Face lifting Without Surgery By Prof. Dr. Luis Gavin
Face lifting Without Surgery By Prof. Dr. Luis Gavin, a leading international Speaker, Maxillofacial Surgery Consultant – and Ozone Therapist Works at King’s College Hospital, a leading hospital in Dubai.
How Is it Performed?
The thread lift procedure can be performed under local anesthesia and only takes 1 to 2 hours. The surgeon inserts tiny threads, bio absorbable sutures, under the skin of the face. The sutures attach to skin tissue and…
Prof. Igor Eleferenko appointed Dean of Al-Khalifa Business School
H.E. Prof. Sir Igor Eleferenko Ph.D. (Russian Federation) has been elected on 6th April 2020 as the Dean of Al-Khalifa Business School.
Born on 23rd May 1958, in Moscow; in 1980 he graduated from Moscow State Pedagogical Institute named after M. Teresa.
He has more than 40 years of experience as Associate Editor, Editor, Deputy Head of the APN Bureau in Havana, Deputy Editor-in-Chief, Editor-in-Chief of AVID APN, Editor-in-chief of TRK "TV-News"…
Union Budget 2020-21 : Forecasts by Prof. Yamini Agarwal
Fiscal Deficit in the Budget to be presented on 1st February, 2020 is likely to be 3.34% depending upon the growth targets fixed by the Finance Minister said Prof. (Dr.) Yamini Agarwal, Professor of Finance and Dean (Research), Indian Institute of Finance while making a presentation on "My Budget" for the programme - Mera Budget on Rajya Sabha TV recently.
According to her, the major issues in the present budget are…
Banasthali Celebrates 87th Birthday of Dada Prof Diwakar Shastri
By nurturing Banasthali which is today one among the most sought after and top ranking women’s universities in India with global ranking, Prof Diwakar Shastri known to one and all as “Dada” built capacities for the spirit of inquiry, creativity and moral leadership among the enrolled girl students and became their role models.
Known for his dignified unassuming personality, gleaming intellect, meticulous planning, deep regard for punctuality, far reaching vision and…
Prof Joy Mukhopadhyay Talks on Colour Science & Technology at Banasthali
One field which combines Chemistry, Physics, Physiology and Psychology is undoubtedly Colour Science and Technology. Global market size of dyes and pigments is of the order of USD 27.8 Billion with India market size of USD 4.9 Billion.
Specialty chemicals, which comprise low volume, high value chemicals with specific applications, constitute a significant part of the Indian chemical industry include agrochemicals, flavors and fragrances, surfactants, polymer additives, personal care ingredients,…
