Sr. Assistant Professor,
India is the second largest and fastest growing economies of the world. However, the growth of the economy is not uniform and it has been discrete and disconnected with regard to growth distribution of growth benefits to all the sectors. Thus there is need for inclusive growth in the Indian economic development. In order to achieve the objectives of inclusive growth resources are needed. To generate resources and mobilize, financial inclusion is required. Financial inclusion plays a vital role in the process of economic development of a country. The present paper makes an attempt to understand the inclusive growth phenomena, its need and financial inclusion as an tool to attain it in India. The data collected for the study is purely secondary data like GDP, per capita, literacy rate, unemployment rate, index of financial inclusion etc. The data thus collected is analyzed using hierarchical cluster procedure.
Sustainable development, Financial Inclusion, Inclusive growth
