BRIDGING THE FINANCIAL INCLUSION AND DIGITALIZATION GENDER GAP IN DRIVING ECONOMIC AND SUSTAINABLE GROWTH

Abstract

Financial inclusion and female participation in the financial system can avoid risk and better manage household expenditures in health and education. Women’s access to banking services and holding their saving accounts can better control the resource allocations and make decisions. Thus, their participation in the financial system reduces inequality, increases social well-being, and improves a nation's economy. This study analyzes the influence of female financial inclusion, measured as access to digital banking services, on economic development. The time-series data 2011-17 has been collected from the published sources and databases like the Global Findex of World DataBank. The study also carried out regression analysis to examine the influence of digitalization over the economic growth of the country. The results show a positive influence of access to bank account and digital services on economic development.