A Journey into the Transformative Power of Financial Inclusion in the Indian Economy

A Journey into the Transformative Power of Financial Inclusion in the Indian Economy

Registration ID: IJNRD_209295

Published ID: IJNRD2205220

DOI: Click Here to Get

Dr. Ashok V. Patel

Financial Inclusion, India, Economy, GDP

The supply of financial services in an approachable and uncomplicated manner that is also competitively priced and able to serve a sizeable segment of the population that is economically disadvantaged and has a low income is what is meant by the term "financial inclusion" (FI). FI is required in order for India to achieve its goal of becoming a prominent role in the global arena of the socially and economically vulnerable groups. In the contemporary environment, financial institutions play an essential role as the foundations upon which development, growth, and progress are built. The purpose of this study is to analyse how financial innovation influences the growth of economies. When analysing secondary data, several different statistical procedures, including multiple regression, are utilised. According to the findings of the study, India's gross domestic product is positively affected by both the number of bank branches and the credit deposit ratio. This effect is significant. The data also suggested that the increasing number of ATMs in India had a little impact on the country's GDP. This research attempts to investigate the FI throughout all of India as a whole in its scope of coverage.

Published Paper   E-Certificate

"A Journey into the Transformative Power of Financial Inclusion in the Indian Economy", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.7, Issue 5, page no.8-16, May 2022, Available :https://ijnrd.org/papers/IJNRD2205220.pdf

Volume 7 Issue 5, May-2022

Pages : 8-16

Paper Reg. ID: IJNRD_209295

Published Paper Id: IJNRD2205220

Downloads: 000121243

Research Area: Engineering

Country: -, -, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2205220.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2205220

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

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This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

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