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How does financial inclusion impact economic growth?

Curious about financial inclusion

How does financial inclusion impact economic growth?

Financial inclusion can have a positive impact on economic growth by promoting savings and investment, increasing access to credit, and supporting entrepreneurship. When individuals and businesses have access to financial services, they are better able to manage their money, invest in their businesses, and take advantage of economic opportunities. This can lead to increased economic activity, job creation, and overall economic growth. Additionally, financial inclusion can help reduce poverty and inequality by providing access to financial services to those who have been traditionally excluded from the formal financial sector.

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