ROLE OF FINANCIAL INCLUSION IN ECONOMIC GROWTH OF INDIA
DOI:
https://doi.org/10.29121/shodhkosh.v3.i2.2022.3350Keywords:
Financial Inclusion, Economic Growth, Inequalities, GDPAbstract [English]
This research paper explores the crucial role of financial inclusion in the economic growth of India. Financial inclusion refers to the access and usage of a wide range of financial services by all individuals and businesses, regardless of their social or economic status. The paper analyzes the impact of financial inclusion on various sectors of the Indian economy, such as agriculture, small and medium enterprises (SMEs), and the informal sector. It also examines the policies and initiatives implemented by the Indian government and financial institutions to promote financial inclusion. The findings highlight the positive correlation between financial inclusion and economic growth, emphasising the need for continued efforts to enhance financial access and literacy across the country.
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Copyright (c) 2022 Prof. Trilochan Sharma, Dr. Swati Sharma
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