"Empowering Financial Inclusion Through Digitalization"
Keywords:
Financial Inclusion, Digitalisation, Reserve Bank of India, Government of IndiaAbstract
The financial sector is the backbone of economic expansion and has a significant impact on how a nation's economy evolves. The recognition and proactive support for financial inclusion by both the Reserve Bank of India (RBI) and the Indian government mark a pivotal milestone in the country's economic evolution. They are working together to promote financial inclusion as part of a concerted effort to close the socioeconomic gap in the country. The purpose of the current study is to analyse how digitalization affects financial inclusion in an economy. The Reserve Bank of India and the Indian government's official releases serve as the exclusive source of primary data for this study. This study discovered a strong link between digitalization and financial inclusion in the Indian economy. Significant components that are directly linked to efficient economic digitalization were also found.
Keywords: Financial Inclusion; Digitalisation; Reserve Bank of India; Government of India; World Bank.
References
Agrawal, G., & Jain, P. (2019). Digital financial inclusion in India: a review. Behavioural Finance and DecisionMaking Models, 195-203.
Al-Okaily, M., Alqudah, H., Al-Qudah, A. A., Al-Qadi, N. S., Elrehail, H., & Al-Okaily, A. (2022). Does financial awareness increase the acceptance rate for financial inclusion? An empirical examination in the era of digital transformation. Kybernetes, (ahead-of-print).
“DIGITAL FINANCE AND ITS IMPACT ON FINANCIAL INCLUSION", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6,issue1,pageno.122127,January2019,Availa ble:http://www.jetir.org/papers/JETIRV006018. Pdf
Shen, Y., Hu, W., & Hueng, C. J. (2021). Digital financial inclusion and economic growth: a cross-country study. Procedia Computer Science, 187, 218-223.
Shankar, K. U. (2017). Digital Economy in India: Challenges and Prospects. International Journal of Research in Management Studies (a peer review open access international journal– www. ijrms. com), 2(11), 6-11.
Ogawa, S., Khera, P., Ng, S., & Sahay, R. (2021). Is digital financial inclusion unlocking growth?
Gupta, Y. and Khanwalker, S., 2022. Accelerating financial inclusion in India with digital products and services. [Online] research gate. Available at: https://www.researchgate.net /publication/353120206_Accelerating_financial_inclusion_in_India_with_digital_products_and _services
Xun, Z., Guanghua, W., Jiajia, Z., & Zongyue, H. (2020). Digital economy, financial inclusion and inclusive growth. China Economist, 15(3), 92-105.
Malladi, C. M., Soni, R. K., & Srinivasan, S. (2021). Digital financial inclusion: next frontiers—challenges and opportunities. CSI Transactions on ICT, 9(2), 127-134.
Srikanth, M., Ranjani, K. and Kalloor, V., 2022. Making Digital Financial Inclusion a Reality. [Online] Economic andPolitical Weekly. Available at: Usaid.gov.2022.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Re-users must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. This license allows for redistribution, commercial and non-commercial, as long as the original work is properly credited.