Title: Economic sustainability in the Indian states: a quantitative approach based on business intelligence

Authors: S. Bharathithasan; K. Sakthi Srinivasan

Addresses: VIT Business School, VIT University, Vellore-14, Tamil Nadu, India ' VIT Business School, VIT University, Vellore-14, Tamil Nadu, India

Abstract: This study looks at how financial access, commercial knowledge, technology, and risk-taking attitude affect economic sustainability in the Indian state of north Tamil Nadu, with microbusiness financial growth acting as a mediating element. Access to finance, business competency, technological competency, financial risk taking attitude, financial development of microbusiness, and economic sustainability make up the research model for this study. Using the structural equation modelling (SEM) approach and Smart PLS, the data was analysed based on respondent input. It has been observed that sustainability in economic growth depends on the interest of the entrepreneurs towards business, risk taking knowledge and factors that facilitate the growth of the organisation in financial aspects. The results also indicate that economic sustainability of business also depends on internal and external sources of knowledge.

Keywords: economic sustainability; financial access; business competency; technological competency; risk-taking attitude.

DOI: 10.1504/IJPMB.2024.138354

International Journal of Process Management and Benchmarking, 2024 Vol.17 No.2, pp.167 - 183

Received: 23 Mar 2023
Accepted: 26 Mar 2023
Published online: 01 May 2024 *

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