Digital financial inclusion (DFI) can improve the economic growth: a study of India

被引:0
|
作者
Sreenu, Nenavath [1 ]
机构
[1] Maulana Azad Natl Inst Technol, Dept Management Studies, Bhopal, India
关键词
Financial inclusion; Entrepreneurship; Economic development; Digital finance; Internet threshold model; Traditional finance;
D O I
10.1108/JFM-01-2023-0011
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
PurposeCan digital financial inclusion (DFI) as an emerging and innovative financial service encourage economic development?Design/methodology/approachBased on a Bayesian macroeconomic investigation framework, this research study presents the level of internet growth as a threshold variable and examines the influence of DFI on economic development based on state panel data from 2008 to 2021 in India.FindingsThe outcome of DFI on economic development through various mediation models. The results illustrate that DFI growth substantially contributes to economic development.Originality/valueEncouraging small and medium-sized enterprise entrepreneurship and motivating populations' utilization are two significant networks through which DFI progress affects economic growth.
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页码:122 / 140
页数:19
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