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Papers by Dr. Sarvesh Rawat

International Journal of Financial Management and Economics

This study examines the comparative performance of priority sector lending (PSL) between public a... more This study examines the comparative performance of priority sector lending (PSL) between public and private banks in India. PSL is a critical aspect of banking regulation in India, aimed at ensuring equitable access to credit for sectors deemed crucial for socioeconomic development. Public and private banks play distinct roles in fulfilling PSL targets, with public banks traditionally shouldering a larger share of PSL obligations. However, recent trends suggest a shifting dynamic, with private banks increasingly contributing to PSL mandates. This study analyzes the factors driving this shift, including regulatory frameworks, market competition, and strategic priorities of public and private banks. By examining the comparative dynamics of PSL between these banking sectors, this study provides valuable insights into the evolving landscape of banking regulation and its implications for inclusive growth in India. The comparison analysis also demonstrates that public banks give larger average loan amounts across sectors, whereas private banks have higher growth rates, indicating a dynamic role in meeting changing market demands.

The Journal of Institute of Public Enterprise, 2023

Priority Sector Lending (PSL) is a crucial financial assistance programme for vulnerable sectors ... more Priority Sector Lending (PSL) is a crucial financial assistance programme for vulnerable sectors in developing countries, such as agriculture, MSME, housing, and education. This research paper analyses PSL data from 2012 to 2021 for Indian public and private sector banks, examining its impact on India’s economic growth. The study uses time series data from the Reserve Bank of India and World Bank Development Indicators and various statistical techniques to derive empirical results based on the ADF unit-root test, simple regression estimation, the Breusch-Godfrey Serial Correlation LM Test, the Jarque-Bera test, and Durbin-Watson for detecting the level of serial correlation and heteroscedasticity. The results show that priority sector expenditure significantly impacts the country’s GDP per capita, while inflation has a minimal impact. The findings show that loans to the priority sector increased with the country’s economic expansion during the research period, compounding at 13.71 percent. More emphasis should be placed on PSL since it can boost the country’s economic prosperity in the future. Furthermore, the Government of India should monitor and maintain the nation’s inflation rate as low as possible.

THE MAAGEMENT ACCOUNTANT , 2023

This research delves into the factors that influence the adoption of electric vehicles (EVs) by c... more This research delves into the factors that influence the adoption of electric vehicles (EVs) by consumers in Lucknow, India, against the backdrop of pressing environmental concerns and the need for sustainable mobility.
India’s burgeoning automotive industry contributes significantly to greenhouse gas emissions, making the transition to eco-friendly transportation essential. Electric vehicles, especially battery-powered EVs (BEVs), present a promising alternative.

Books by Dr. Sarvesh Rawat

Rudra Publishers, 2023

Digital payments, facilitated by communication technology, artificial intelligence, and informati... more Digital payments, facilitated by communication technology, artificial intelligence, and information technology, have gained popularity globally, particularly in countries like India. India’s remarkable growth in digital payments can be attributed to factors like the government’s “Digital India” initiatives, widespread internet access, smartphone penetration, and technological acceptance. The study analyses the impact of digital transactions on India’s GDP, and which has been positive, contributing to increased economic activity, cost reduction, and enhanced efficiency, whereas digital payments have complex effects on inflation in India. They can both reduce inflation by aiding accurate pricing and increase it by allowing businesses to raise prices discreetly. The trend in inflation from 2011 has been generally downward, but digital payments’ impact varies.
The study also presents trends in digital transactions, showing substantial growth in card transactions and electronic transactions in India. However, their impact on inflation is nuanced. The trend towards digital transactions is expected to persist, further driving economic growth in India. In the midst of significant economic growth issues, it is critical to investigate how digital payment might enhance consumer demand and economic growth hence creating a scope for this study. From the standpoint of economic growth, this study uses time series data from India spanning 2011-12 to 2021-22 in order to examine the association between digital transactions and GDP using key metrics, therefore revealing the influence of digital transactions on economic growth.

International Journal of Financial Management and Economics

This study examines the comparative performance of priority sector lending (PSL) between public a... more This study examines the comparative performance of priority sector lending (PSL) between public and private banks in India. PSL is a critical aspect of banking regulation in India, aimed at ensuring equitable access to credit for sectors deemed crucial for socioeconomic development. Public and private banks play distinct roles in fulfilling PSL targets, with public banks traditionally shouldering a larger share of PSL obligations. However, recent trends suggest a shifting dynamic, with private banks increasingly contributing to PSL mandates. This study analyzes the factors driving this shift, including regulatory frameworks, market competition, and strategic priorities of public and private banks. By examining the comparative dynamics of PSL between these banking sectors, this study provides valuable insights into the evolving landscape of banking regulation and its implications for inclusive growth in India. The comparison analysis also demonstrates that public banks give larger average loan amounts across sectors, whereas private banks have higher growth rates, indicating a dynamic role in meeting changing market demands.

The Journal of Institute of Public Enterprise, 2023

Priority Sector Lending (PSL) is a crucial financial assistance programme for vulnerable sectors ... more Priority Sector Lending (PSL) is a crucial financial assistance programme for vulnerable sectors in developing countries, such as agriculture, MSME, housing, and education. This research paper analyses PSL data from 2012 to 2021 for Indian public and private sector banks, examining its impact on India’s economic growth. The study uses time series data from the Reserve Bank of India and World Bank Development Indicators and various statistical techniques to derive empirical results based on the ADF unit-root test, simple regression estimation, the Breusch-Godfrey Serial Correlation LM Test, the Jarque-Bera test, and Durbin-Watson for detecting the level of serial correlation and heteroscedasticity. The results show that priority sector expenditure significantly impacts the country’s GDP per capita, while inflation has a minimal impact. The findings show that loans to the priority sector increased with the country’s economic expansion during the research period, compounding at 13.71 percent. More emphasis should be placed on PSL since it can boost the country’s economic prosperity in the future. Furthermore, the Government of India should monitor and maintain the nation’s inflation rate as low as possible.

THE MAAGEMENT ACCOUNTANT , 2023

This research delves into the factors that influence the adoption of electric vehicles (EVs) by c... more This research delves into the factors that influence the adoption of electric vehicles (EVs) by consumers in Lucknow, India, against the backdrop of pressing environmental concerns and the need for sustainable mobility.
India’s burgeoning automotive industry contributes significantly to greenhouse gas emissions, making the transition to eco-friendly transportation essential. Electric vehicles, especially battery-powered EVs (BEVs), present a promising alternative.

Rudra Publishers, 2023

Digital payments, facilitated by communication technology, artificial intelligence, and informati... more Digital payments, facilitated by communication technology, artificial intelligence, and information technology, have gained popularity globally, particularly in countries like India. India’s remarkable growth in digital payments can be attributed to factors like the government’s “Digital India” initiatives, widespread internet access, smartphone penetration, and technological acceptance. The study analyses the impact of digital transactions on India’s GDP, and which has been positive, contributing to increased economic activity, cost reduction, and enhanced efficiency, whereas digital payments have complex effects on inflation in India. They can both reduce inflation by aiding accurate pricing and increase it by allowing businesses to raise prices discreetly. The trend in inflation from 2011 has been generally downward, but digital payments’ impact varies.
The study also presents trends in digital transactions, showing substantial growth in card transactions and electronic transactions in India. However, their impact on inflation is nuanced. The trend towards digital transactions is expected to persist, further driving economic growth in India. In the midst of significant economic growth issues, it is critical to investigate how digital payment might enhance consumer demand and economic growth hence creating a scope for this study. From the standpoint of economic growth, this study uses time series data from India spanning 2011-12 to 2021-22 in order to examine the association between digital transactions and GDP using key metrics, therefore revealing the influence of digital transactions on economic growth.