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The Nexus Between Financial Inclusion and Inclusive Growth: a Literature Survey

Year: 2025

Type: article

Abstract: Financial inclusion is the delivery of formal financial services to vulnerable and excluded populations and serves as a critical tool for addressing asymmetric growth patterns. This literature survey examines the nexus between financial inclusion and inclusive growth. The evidence demonstrates that financial inclusion operates through key transmission channels: reducing income inequality, alleviating poverty, and fostering entrepreneurship among marginalized groups. These outcomes constitute fundamental indicators of inclusive growth. The synthesis reveals robust mechanisms through which expanded access to formal financial services translates into more equitable development patterns, particularly benefiting bottom-of-the-pyramid populations.

Source: EPRA International Journal of Multidisciplinary Research (IJMR)

DOI: 10.36713/epra24217

Author: Lekshmi Prasad

Institution: Cochin University of Science and Technology

Language: English

Topic: Microfinance and Financial Inclusion

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Reduced inequalities, Decent work and economic growth, No poverty

Open Access status: diamond

OpenAlex ID: W4414645376

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