Financial inclusion, active bank accounts, and poverty reduction in India

Tony Cavoli, Ilke Onur, Patricia Sourdin

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

Financial inclusion is defined as having access to useful and affordable financial
products and services, delivered in a responsible and sustainable way (World
Bank, 2020). There have been multiple studies showing access to financial services promoting growth, especially for developing countries. Similarly, there is a growing body of literature showing the positive role of financial inclusion on
improving household well-being and economic growth. For example, Burgess
and Pande (2005), Beck et al. (2007), and Bruhn and Love (2014) show that
greater access to finance reduces income inequality and poverty. Similar positive
effects on a myriad of outcome measures have also been presented in the literature.1 However, the number of studies linking financial inclusion and reduction in poverty levels in a country are limited (Chibba, 2009; Jalilian and Kirkpatrick, 2005; Churchill and Marisetty, 2019).2
Original languageEnglish
Title of host publicationFinancial inclusion in Asia and beyond
Subtitle of host publicationmeasurement, development gaps, and economic consequences
EditorsTony Cavoli, Rashesh Shrestha
PublisherRoutledge UK
Chapter9
Pages251-269
Number of pages19
ISBN (Electronic)978-1-003-03591-6, 9781003035916
ISBN (Print)978-0-367-47688-5, 9780367476885
Publication statusPublished - 2021
Externally publishedYes

Publication series

NameRoutledge-ERIA Studies in Development Economics

Keywords

  • BUSINESS & ECONOMICS / Development / Economic Development
  • BUSINESS & ECONOMICS / Finance / Financial Engineering
  • BUSINESS & ECONOMICS / Finance / Financial Risk Management
  • Monetary economics
  • Asian economics
  • Financial services industry
  • Development economics
  • Financial inclusion
  • access to financial products
  • access to financial services
  • developing countries
  • World Bank
  • economic growth
  • household well-being
  • household finances

Fingerprint Dive into the research topics of 'Financial inclusion, active bank accounts, and poverty reduction in India'. Together they form a unique fingerprint.

Cite this