publication . Article . 2016

Developing a financial inclusion index and inclusive growth in India

Susanta Kumar SETHY;
Open Access English
  • Published: 01 Jun 2016 Journal: Theoretical and Applied Economics (issn: 1841-8678, eissn: 1844-0029, Copyright policy)
  • Publisher: General Association of Economists from Romania
Abstract
Financial inclusion is one of the systems through which Inclusive Growth can be achieved in developing countries like India where large sections are unable or hopeless to contribute in the financial system. An inclusive financial system mobilizes more resources for productive purposes leading to higher economic growth, better opportunities and reduction of poverty. This study, proposed an Index of financial inclusion – a multidimensional measure. The Financial Inclusion Index can be used to compare the range of financial inclusion across different economies and to monitor the progress of the economies with respect to financial inclusion over time. From the compu...
Subjects
free text keywords: Financial Inclusion, Inclusive growth, Financial System, Business, HF5001-6182, Economic theory. Demography, HB1-3840, Economics as a science, HB71-74
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