Fintech Diffusion and Economic Growth

Prachi Gupta (), Somnath Sharma and Shashi Kant
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Prachi Gupta: Temple University
Somnath Sharma: Reserve Bank of India
Shashi Kant: Reserve Bank of India

Chapter Chapter 19 in The Palgrave Handbook of Development Finance, 2025, pp 371-388 from Springer

Abstract: Abstract How can Fintech drive economic development and growth in developing countries? Which Fintech tools and channels are most effective for stimulating economic progress? What policy challenges need to be addressed to maximize Fintech’s impact? This chapter answers the above questions by identifying key Fintech tools, and examining their potential to spur economic growth and development. We specifically analyze data from India and offer insights into the mechanisms through which Fintech can influence economic dynamics in the current times.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-77422-5_19

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DOI: 10.1007/978-3-031-77422-5_19

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