IIMC

ISSN:3108-0677 Vol. 01 » Issue 02 December 2025
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	Editorial Dr. Vivek Rajvanshi Welcome to December 2025, Vol 1. Issue 2 of Artha: Journal of Business and Finance! Published by the Financial Research and Trading Laboratory at IIM Calcutta, this peer-reviewed e-journal is committed to showcasing thought-provoking work from both academics and industry practitioners. With a primary focus on ... Read More
	FinTech and Financial Inclusion: Unpacking the Links to Inequality Catarina Figueira, Lakshmy Subramanian This investigation analyses how financial inclusion, dimensions of inequality and financial technology (FinTech), are related across 113 countries using data from the 2011–2021 Global Findex survey. The study finds both direct and indirect associations between the different constructs employing structural equation modelling methodologies. The primary findings reveal that FinTech simultaneously worsens income inequality while narrowing gender gaps through enhanced financial inclusion. Additionally, these technologies promote broader financial participation among excluded sections of the population. Greater financial inclusion ... Read More
	Drivers of Debt-Financing and Related Sustainability Costs: A Pre-and Post GST Perspective of Indian Consumer Goods SMES Sayak Mitra This study investigates how the sustainability costs, i.e. tax compliance, logistics, and digitisation costs, moderate with key determinants of debt financing, viz., profitability, liquidity, growth, business risk, and cash flow, to shape the debt financing of Indian consumer goods SMEs across pre- and post-GST periods. Data have been analysed ... Read More
	Emerging Technology in Financial Crime Compliance Sriram Narasimhan Banks and Financial services are evolving rapidly with increased adoption of technology. With this evolution comes increase in financial crime. The methods used for financial crime have become more sophisticated and complex. The rule based applications used to combat financial crime are inadequate and banks are looking at ... Read More
	Does Entrepreneurship Drive Economic Growth? Insights from India Sagartirtha Chakraborty, Suresh Kumar Nath Entrepreneurship is the process of ‘creative destruction’ and it is viewed as one of the main supporting blocks of economic growth. Considering a period of 24 years from 2001 to 2024, we assess the relationship between economic growth and entrepreneurship in India. Findings from multivariate regression analysis highlight that entrepreneurship is a significant driver of India’s economic growth. However, challenges such as continued limitations on ease of doing business, skewed distribution of capital, lack of product demand, and skill deficits still hinder the nation’s entrepreneurial landscape. We finally discuss how our entrepreneurial ecosystem requires adequate government funding in R&D, patent application approvals, incubation networks in tier-II and tier-III cities, and the integration of targeted skill ... Read More
	Green Sill Capital Fiasco: A Recipe for Disaster & Deceit Anil Kumar Pandey An expert in the field of supply chain finance, Greensill Capital successfully brought out uninterrupted financial innovations to meet the demands of its large number of customers’ need for financing. In the recent times, the company filed for bankruptcy. This news has put its essential and primary customers, namely, GFG Alliance and Liberty, the metals and trading ... Read More

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