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Financial Inclusion for Inclusive Growth of India

Author

Listed:
  • M. Abbas Malik

    (Mohamed Sathak Engineering College)

  • S. Santhana Jeyalakshmi

    (Mohamed Sathak Engineering College)

  • C. Shalini

    (Mohamed Sathak Engineering College)

Abstract

India happens to be among the world's biggest and most rapidly developing economies. However, the most dangerous aspect of its growth seems to have been its tendency to be uneven and discrete. It is uneven in the way that its average productivity is not uniform, and it is discrete and disconnected in terms of growth and distribution of growth benefits to specific sectors of the economy. As a result, the need for inclusive growth has become the Indian Economic Development picture. However, in order to achieve the goals of inclusive growth, resources must be generated and mobilized, and financial inclusion is required for resource generation and mobilization. Its importance in the process of economic growth cannot be overstated. This research focuses on understanding the inclusive growth phenomenon, its need, and financial inclusion; as an instrument. It’s considering parameters like, literacy rate, unemployment rate, GDP, per capita and index of financial inclusion.

Suggested Citation

  • M. Abbas Malik & S. Santhana Jeyalakshmi & C. Shalini, 2018. "Financial Inclusion for Inclusive Growth of India," Shanlax International Journal of Management, Shanlax Journals, vol. 5(4), pages 250-256, April.
    • Handle: RePEc:acg:managt:v:5:y:2018:i:4:p:250-256
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    References listed on IDEAS

    as
    1. Jessica Mary, 2012. "Innovation Management for Inclusive Growth in India," Advances In Management, Advances in Management, vol. 5(8), August.
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