( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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FINANCIAL INCLUSION AND ECONOMIC GROWTH IN INDIA- A THEORETICAL FRAMWORK

    2 Author(s):  RAVINDRA SINGH , NISHA

Vol -  5, Issue- 5 ,         Page(s) : 136 - 143  (2014 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

The issue of financial inclusion is a development policy priority in many countries. The paper attempts to identify the factors that are significantly associated with financial inclusion. Levels of human development and financial inclusion in a country move closely with each other, although a few exceptions exist. Among socio-economic factors, as expected, income is positively associated with the level of financial inclusion. Going beyond income, inequality, literacy and urbanisation are other important factors. Further, physical infrastructure for connectivity and information are also significantly associated with financial inclusion. Government policies also plays vital role in financial inclusion which in term leads to growth of economy.

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