Religious and social group diversity in borrowing and spending behaviour: Analysis of survey results from rural West Bengal, India
India is a nation characterised by diversity in religion and caste. This paper attempts to determine whether diversity among religious and social groups has any impact on the borrowing and spending behaviour of households in West Bengal, India. We conduct a Fairlie decomposition analysis to...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, Belgrade
2023-01-01
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| Series: | Ekonomski Anali |
| Subjects: | |
| Online Access: | https://doiserbia.nb.rs/img/doi/0013-3264/2023/0013-32642336051P.pdf |
| _version_ | 1797807577453559808 |
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| author | Poddar Rana Moumita Banerjee Tanmoyee (Chatterjee) Raychaudhuri Ajitava |
| author_facet | Poddar Rana Moumita Banerjee Tanmoyee (Chatterjee) Raychaudhuri Ajitava |
| author_sort | Poddar Rana Moumita |
| collection | DOAJ |
| description | India is a nation characterised by diversity in religion and caste. This
paper attempts to determine whether diversity among religious and social
groups has any impact on the borrowing and spending behaviour of households
in West Bengal, India. We conduct a Fairlie decomposition analysis to
evaluate the religious and caste differences in the socio-economic variables
that mostly contribute to the disparity in institutional borrowing, use of
institutional loans, and use of banking services using a household-level
primary survey in two districts of West Bengal, India. The results of the
decomposition analysis in terms of social group differences and religious
group differences show that households belonging to the unreserved category
and the Hindu population are more likely to hold savings bank accounts, make
use of institutional borrowing, and use loans for production purposes than
different reserved categories and the Muslim population, respectively. The
gap between the reserved and unreserved populations and the Hindu and Muslim
populations in terms of institutional borrowing and the use of loans for
production purposes widens for regular wage earners and casual labourers in
nonagriculture. To reduce the gap between social and religious groups,
occupation categories play a major role. The implication is that wider
access to financial services should be provided to all sections of the
population. |
| first_indexed | 2024-03-13T06:24:38Z |
| format | Article |
| id | doaj.art-511d971472204db195d2a5633597df9e |
| institution | Directory Open Access Journal |
| issn | 0013-3264 1820-7375 |
| language | English |
| last_indexed | 2024-03-13T06:24:38Z |
| publishDate | 2023-01-01 |
| publisher | Faculty of Economics, Belgrade |
| record_format | Article |
| series | Ekonomski Anali |
| spelling | doaj.art-511d971472204db195d2a5633597df9e2023-06-09T10:42:01ZengFaculty of Economics, BelgradeEkonomski Anali0013-32641820-73752023-01-0168236517910.2298/EKA2336051P0013-32642336051PReligious and social group diversity in borrowing and spending behaviour: Analysis of survey results from rural West Bengal, IndiaPoddar Rana Moumita0https://orcid.org/0000-0002-8579-1571Banerjee Tanmoyee (Chatterjee)1https://orcid.org/0000-0003-3491-8912Raychaudhuri Ajitava2https://orcid.org/0000-0001-5325-1311Katwa College, Department of Economics, University of Burdwan, IndiaJadavpur University, Department of Economics, Kolkata, IndiaAdamas University, Department of Economics, Kolkata, IndiaIndia is a nation characterised by diversity in religion and caste. This paper attempts to determine whether diversity among religious and social groups has any impact on the borrowing and spending behaviour of households in West Bengal, India. We conduct a Fairlie decomposition analysis to evaluate the religious and caste differences in the socio-economic variables that mostly contribute to the disparity in institutional borrowing, use of institutional loans, and use of banking services using a household-level primary survey in two districts of West Bengal, India. The results of the decomposition analysis in terms of social group differences and religious group differences show that households belonging to the unreserved category and the Hindu population are more likely to hold savings bank accounts, make use of institutional borrowing, and use loans for production purposes than different reserved categories and the Muslim population, respectively. The gap between the reserved and unreserved populations and the Hindu and Muslim populations in terms of institutional borrowing and the use of loans for production purposes widens for regular wage earners and casual labourers in nonagriculture. To reduce the gap between social and religious groups, occupation categories play a major role. The implication is that wider access to financial services should be provided to all sections of the population.https://doiserbia.nb.rs/img/doi/0013-3264/2023/0013-32642336051P.pdfreligious diversitycaste diversityborrowing behaviourspending behaviourfairlie decomposition analysiswest bengal |
| spellingShingle | Poddar Rana Moumita Banerjee Tanmoyee (Chatterjee) Raychaudhuri Ajitava Religious and social group diversity in borrowing and spending behaviour: Analysis of survey results from rural West Bengal, India Ekonomski Anali religious diversity caste diversity borrowing behaviour spending behaviour fairlie decomposition analysis west bengal |
| title | Religious and social group diversity in borrowing and spending behaviour: Analysis of survey results from rural West Bengal, India |
| title_full | Religious and social group diversity in borrowing and spending behaviour: Analysis of survey results from rural West Bengal, India |
| title_fullStr | Religious and social group diversity in borrowing and spending behaviour: Analysis of survey results from rural West Bengal, India |
| title_full_unstemmed | Religious and social group diversity in borrowing and spending behaviour: Analysis of survey results from rural West Bengal, India |
| title_short | Religious and social group diversity in borrowing and spending behaviour: Analysis of survey results from rural West Bengal, India |
| title_sort | religious and social group diversity in borrowing and spending behaviour analysis of survey results from rural west bengal india |
| topic | religious diversity caste diversity borrowing behaviour spending behaviour fairlie decomposition analysis west bengal |
| url | https://doiserbia.nb.rs/img/doi/0013-3264/2023/0013-32642336051P.pdf |
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