Digital financial inclusion (DFI) can improve the economic growth: a study of India
Abstract
Purpose
Can digital financial inclusion (DFI) as an emerging and innovative financial service encourage economic development?
Design/methodology/approach
Based 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.
Findings
The outcome of DFI on economic development through various mediation models. The results illustrate that DFI growth substantially contributes to economic development.
Originality/value
Encouraging small and medium-sized enterprise entrepreneurship and motivating populations’ utilization are two significant networks through which DFI progress affects economic growth.
Keywords
Acknowledgements
Authors’ contributions: Nenavath Sreenu conceptualized the idea, designed the research methodology, conducted the literature review, performed the analysis and played a significant role in overall paper development.
Citation
Sreenu, N. (2023), "Digital financial inclusion (DFI) can improve the economic growth: a study of India", Journal of Facilities Management, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JFM-01-2023-0011
Publisher
:Emerald Publishing Limited
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