Year: 2025
Type: article
Study design: Observational Study
Abstract: Introduction: Financial inclusion means providing access to financial services to all, regardless of place or people. With rapid urbanization, peri-urban areas occupy a significant position in terms of economic, social, and environmental transformations and focus on sustainable development. Objectives: The study examines the relationship between sustainable economic growth and financial inclusion, especially with respect to peri-urban regions of India, and identifies the factors influencing financial inclusion. Methods: A survey was conducted in which descriptive analysis, factor analysis, and Structural Equation Modeling were applied to analyze quantitative data from 500 respondents from five major urban agglomerations by using a bilingual structured questionnaire. Results: The study highlights key dimensions of financial inclusion, including the duration, regularity, frequency, and usage of financial services. Conclusions: The findings suggest that financial inclusion is vital for achieving sustainable economic growth in peri-urban areas, which is further highlighted by the model explaining the factors affecting inclusion.
Author: Vandana Tokas
Institution: Amity University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4409894323