Financial untouchability: a polysemic narrative of digital financial inclusion in Modi’s India

Ertürk, İsmail; Indradeep, Ghosh; Shah, Kadambari

doi:10.1080/17530350.2021.1927147

Cited by 11 publications

(4 citation statements)

References 42 publications

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“…Therefore, as Mahatma Gandhi fought against social untouchability, we will also need to free ourselves of financial untouchability to become free of poverty. (Modi 2014 cited in Ertürk et al, 2021, p. 1)…”

Section: Financial Inclusionmentioning

confidence: 99%

Minimum Government and Maximum Governance: Empowering the Impoverished Through Digital India Campaign

Ashok

2022

Indian Journal of Public Administration

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Prime Minister Narendra Modi’s call for ‘minimum government and maximum governance’ aims at addressing India’s complexity of governance. The poor and marginalised sections are invisible in governance. In overcoming this lacuna, Digital India (with its nine pillars) endeavours for digital empowerment in creating a knowledgeable society where people’s participation in policy formulation and governance of the welfare are given primacy. The minimalist role of governance is to increase people’s engagement in building new India, and Atmanirbhar Bharat (self-reliant India) reflects Mahatma Gandhi’s sarvodaya and Deendayal Upadhyaya’s philosophy of antyodaya (the rise of the last person).

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Section: Financial Inclusionmentioning

confidence: 99%

Minimum Government and Maximum Governance: Empowering the Impoverished Through Digital India Campaign

Ashok

2022

Indian Journal of Public Administration

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“…Scholarly discussions by Erturk et al. (2022), Terranova (2000), and Gregory and Sadowski (2021) underscore the potential exploitation of marginalized groups through digital payments. This necessitates a closer examination of the intersection between labor, content creation, and digital finance.…”

Section: The Social Factorymentioning

confidence: 99%

Labor‐capital relations on digital platforms: Organization, algorithmic discipline and the social factory again

Wang,

Tomassetti

2024

Sociology Compass

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Digital platform labor and its complex relationship with capital have stirred scholarly inquiry, calling for a systemic review that bridges foundational theories and various currents of development. In this review, we revisit Marxist and autonomist Marxist theses on the changing nature of work in the platform economy. Following that, we review two major strands of studies on the organization of production at the macro level and labour control at the micro level, which have revealed variegated types of workplace fissuring and different techniques of algorithmic control over bodies. However, we argue that the path forward must transcend these boundaries. We call for a revival of the ‘social factory’ thesis to rekindle ‘networking’ as a way of understanding labor‐capital relations on digital platforms. Our premise is that capital and labor mutually constitute the platform economy through their agency of networking the internet and ‘outernet’. We outline four key directions for future research based on this premise: networking with public elements, networking with market‐driven elements, networking for financialization in the digital landscape, and networking for resistance. By reinvigorating the social factory approach, we aim to enrich scholarly understandings of labor‐capital relations in the platform economy by articulating digital labor in a wider web of sociocultural, technical, political and economic relationships extending beyond and transcending the internet.

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“…The financial sector can become more effective and efficient through the digitalization of financial services [33]. According to Ertürk et al [34], FinTech is viewed by academics and decisionmakers as a means of facilitating financial inclusion in developing nations.…”

Section: Literature On Relationship Between Digital Technology and Fi...mentioning

confidence: 99%

Digital Technology Improving Financial Inclusion in India: Post Covid Evidence

Sinha

2024

AJEBA

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Technology is transforming the financial inclusion landscape and growing the digital infrastructure that is essential to accomplishing numerous national objectives. The Covid-19 pandemic and the subsequent lockdowns imposed in 2020–21 significantly impacted economies worldwide due to restricted mobility and disrupted goods and services, while also exposing the vulnerabilities of traditional financial systems. Amidst this challenging scenario, technology played a crucial role in bridging gaps and enhancing financial access. There has been a pivotal role of digital technology in improving financial inclusion prospects, especially during the COVID-19 outbreak, when access to digital transactions and financial services became a necessity to prevent economic collapse. Governments around the world responded by offering financial support to citizens, creating both opportunities and difficulties for promoting financial inclusion. Due to its ability to enhance the lives of those with low incomes, financial inclusion is still a subject of extensive investigation. Subsequent analyses highlight the mutually beneficial connections between digital technology, financial inclusion, and economic expansion. This research has been carried out in the Indian context using only secondary sources of data, to provide a comprehensive, evidence-based analysis of the role of digital technology in improving financial inclusion with particular reference to the Pre- and Post-Covid eras. A variety of published reports and articles, including newspaper stories, journal articles, and policy papers, have been utilized to conduct the semi-systematic evaluation. Drawing from secondary sources of data through documentary analysis, this study uncovers compelling evidence of how digital technology has expanded financial inclusion in India and the Covid-19 pandemic has acted as the prime catalyst of this process. The evidence presented herein also contributes to the growing body of research on financial inclusion's impact on low-income livelihoods and serves as a catalyst for future studies on leveraging technology for economic growth and improved financial well-being. The study's overall conclusions indicate that there is a strong correlation between the acceleration of financial inclusion in India and the Covid-19 measures for the quick, simple, and widespread accessibility of digital technology. The post-COVID increase in the RBI's Digital Payments Index (RBI-DPI) underscores India's astonishing leap in digital payment usage, which has been fuelled mostly by the success of UPI. The use of Aadhaar and digital payment options, as well as increased competition, has increased financial inclusion, all made possible through contributions from the implementation of the JAM trinity (Jan Dhan, Aadhaar, and Mobile).

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Financial untouchability: a polysemic narrative of digital financial inclusion in Modi’s India

Cited by 11 publications

References 42 publications

Minimum Government and Maximum Governance: Empowering the Impoverished Through Digital India Campaign

Minimum Government and Maximum Governance: Empowering the Impoverished Through Digital India Campaign

Labor‐capital relations on digital platforms: Organization, algorithmic discipline and the social factory again

Digital Technology Improving Financial Inclusion in India: Post Covid Evidence

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