 Household Debt, Financial Inclusion, and Economic Growth of India: Is it Alarming for India?Tarika Sikarwar (), Anivesh Goyal and Harshita Mathur Asian Economic and Financial Review, 2020, vol. 10, issue 2, 229-248 Abstract: The process of economic growth must strive to include participation from all sections. In India, inclusive growth has always been a priority. The agenda of inclusive growth is reflected in the kind of policies and regulations that the policymaking and regulating institutions have been developing over the past decade. From Agricultural Economy to developing economy, India has come a long way in implementing financial sector reforms especially related to financial inclusion. The motive is economic growth. The present study was done to find the causal relationship between India’s financial inclusion and economic growth and household debt and economic growth using indicators for financial inclusion, household debt, and economic growth. The relationship was checked using the linear regression technique. The results indicated that only three out of ninety-six indicators of financial inclusion affected economic growth but. Household debt and economic growth have a negative relationship. The results have serious policy implications in India as India is moving towards financial inclusion. Keywords: Household debt; Financial inclusion; Economic growth; GDP; India; Economy etc. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:asi:aeafrj:v:10:y:2020:i:2:p:229-248:id:1921 Access Statistics for this article More articles in Asian Economic and Financial Review from Asian Economic and Social Society |
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