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Financial Development and Inclusive Growth: Impact of Government Intervention in Prioritised Credit

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  • Vighneswara Swamy

    (IBS, Hyderabad, India)

Abstract

Equitable growth is indeed vital for inclusive growth which in turn can lead to sustainable growth. Access to finance by the poor is a prerequisite for poverty reduction and sustainable economic development. This study has established that there is a strong need to strengthen policy approach for financing the priority sector in India as it has had a positive impact on inclusive growth. In view of the strong relationship between priority sector lending and inclusive growth, it is imperative on the policy makers in general and the governments in particular to make efforts to induce the banks and financial institutions in increasing priority sector lending beyond the stipulations laid down

Suggested Citation

  • Vighneswara Swamy, 2010. "Financial Development and Inclusive Growth: Impact of Government Intervention in Prioritised Credit," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 13(2), pages 55-72, November.
    • Handle: RePEc:zag:zirebs:v:12:y:2010:i:2:p:55-72
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    Cited by:

    1. Simplice A. Asongu & Jacinta C. Nwachukwu, 2018. "Recent finance advances in information technology for inclusive development: a systematic review," Netnomics, Springer, vol. 19(1), pages 65-93, October.
    2. Swamy, Vighneswara, 2014. "Financial Inclusion, Gender Dimension, and Economic Impact on Poor Households," World Development, Elsevier, vol. 56(C), pages 1-15.
    3. Simplice Asongu & Jacinta C. Nwachukwu, 2017. "Recent finance advances in information technology for inclusive development: a survey," Working Papers of the African Governance and Development Institute. 17/009, African Governance and Development Institute..
    4. Mutiu Abimbola Oyinlola & Abdulfatai Adedeji, 2019. "Human capital, financial sector development and inclusive growth in sub-Saharan Africa," Economic Change and Restructuring, Springer, vol. 52(1), pages 43-66, February.
    5. Lawrence Sáez, 2013. "Methods in governance research: a review of research approaches," Global Development Institute Working Paper Series esid-017-13, GDI, The University of Manchester.
    6. Simplice A. Asongu & Lieven De Moor, 2015. "Recent advances in finance for inclusive development: a survey," Research Africa Network Working Papers 15/005, Research Africa Network (RAN).
    7. Neagu Olimpia & Teodoru Mircea Constantin, 2018. "The Economic Competitiveness and Inclusive Development Nexus: Empirical Evidence from 101 Economies," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 28(3), pages 1-19, September.
    8. Sumanta Kumar Saha & Jie Qin, 2023. "Financial inclusion and poverty alleviation: an empirical examination," Economic Change and Restructuring, Springer, vol. 56(1), pages 409-440, February.

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