The present study empirically investigates the long-run causal relationship between foreign capital and economic development in India by using the annual time-series data from 1990–1991 to 2013–2014. The study uses some selected macroeconomic variables such as per capita government expenditure on education (PcGEE, as an indicator of economic development), gross domestic product (GDP, as an indicator of economic growth), gross capital formation (GCF, as an indicator of domestic investment), official development assistance (ODA, as an indicator of foreign official inflows) and foreign direct investment (FDI, as an indicator of foreign private investment) for its empirical analysis. By using the cointegration test and the vector vector-error correction model (VECM) technique, this study finds that in the long run, domestic investment has shown a significant and positive impact on economic development, whereas, ODA, FDI and GDP have shown a significant negative impact on it. It concludes that domestic investment, foreign capital along with economic growth have a significant impact on economic development in India in long run. It suggests that the national developmental policy of India should focus on the productive utilization of both domestic and foreign capital along with it should give emphasis on effective transformation of growth benefits towards development process.

PurposeThe purpose of this study is to interpret the travel motivations of travelers in India amidst the coronavirus pandemic. It takes into consideration the “push and pull motivational forces” of travelers, translating their emotional insights and behavioral intentions based on these forces.Design/methodology/approachThe research design consists of a mixed-mode approach of study inclusive of semi-directive interviews of 231 participants from India. The statistical computing language R has been used to conduct sentiment analysis.FindingsThe results obtained show that “fear” and “sadness” are the prevalent emotions among the travelers due to the coronavirus outbreak based on the results of sentiment analysis. While, positive emotions of “trust” and “joy” were missing comparatively. These emotions along with other traveling constraints amidst coronavirus acted as the intrinsic push factors and extrinsic pull factors affecting their travel motivations.Originality/valueThe study throws light on the practical and theoretical implications of such travel motivations, emotions affecting these motivations, leading to travelers' behavioral intentions. The work adds to the limited works of tourism literature amidst the coronavirus outbreak.

This case is developed to discuss various leadership styles and strategies that are necessary for Milk Mantra in order to expand and sustain growth in complex emerging markets. The protagonist in this case is Srikumar Misra, founder and CEO of Milk Mantra. He is faced with serious challenges as the organization plans to expand into new markets across India. This case talks about the dreams, aspirations, and the dent that the company has left in the history of dairy business and the plans of expansion it has for the future. The leadership evolution for the company is very strategic with the changing business focus. This case illustrates the understanding, in depth, about the evolution and growth of the company, and the current obstacles being faced by the firm. The analysis of the case study is more suited for postgraduate students in general and specifically for the students of general management programs and human resource management programs.

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