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Impact Of Financial Inclusion On The Growth Of Indian Economy

Author

Listed:
  • Chetan DUDHE

    (University of Debrecen, Hungary, Department of Economics and Business)

Abstract

The 2017 Financial Inclusion emerges as a new economic growth model, which plays a major role in removing poverty in the country. Financial inclusion indicates the distribution of public banking services. It is affordable for people with advantages due to terms and conditions. The government of India can reduce the gap between rich and poor people. In the current situation, there are pillars of financial institutions development, economic growth and economic development. It is a current study of the impact of economic growth over ten years and financial inclusion. This article uses secondary data, which has been analyzed as the main statistical tool for multiple regression models.

Suggested Citation

  • Chetan DUDHE, 2021. "Impact Of Financial Inclusion On The Growth Of Indian Economy," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 17, pages 49-56, June.
    • Handle: RePEc:cmj:networ:y:2021:i:17:p:49-56
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    References listed on IDEAS

    as
    1. Chakravarty, Satya R. & Pal, Rupayan, 2013. "Financial inclusion in India: An axiomatic approach," Journal of Policy Modeling, Elsevier, vol. 35(5), pages 813-837.
    2. Banerjee, Abhijit V & Newman, Andrew F, 1993. "Occupational Choice and the Process of Development," Journal of Political Economy, University of Chicago Press, vol. 101(2), pages 274-298, April.
    3. Agarwal, Vineet & Taffler, Richard, 2008. "Comparing the performance of market-based and accounting-based bankruptcy prediction models," Journal of Banking & Finance, Elsevier, vol. 32(8), pages 1541-1551, August.
    4. Delis, Manthos D & Staikouras, Panagiotis & Tsoumas, Chris, 2013. "Enforcement actions and bank behavior," MPRA Paper 43557, University Library of Munich, Germany.
    5. Satya R. Chakravarty & Rupayan Pal, 2010. "Measuring financial inclusion: An Axiomatic approach," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2010-03, Indira Gandhi Institute of Development Research, Mumbai, India.
    6. Law, Siong Hook & Singh, Nirvikar, 2014. "Does too much finance harm economic growth?," Journal of Banking & Finance, Elsevier, vol. 41(C), pages 36-44.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    GDP; Poverty; Financial Inclusion; Economic Growth;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

    Statistics

    Access and download statistics

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