FINANCIAL INCLUSION AND ITS IMPACT ON ECONOMIC DEVELOPMENT

Abstract

This review research paper explores the intricate relationship between financial inclusion and economic development, delving into the multifaceted dimensions that characterize this dynamic interplay. Financial inclusion, defined as the accessibility and availability of financial services to all segments of society, has emerged as a pivotal driver of economic growth and poverty alleviation in the contemporary global landscape. The paper synthesizes existing literature to present a comprehensive analysis of the mechanisms through which financial inclusion influences economic development.