Finance and Poverty: Evidence from India

Meghana Ayyagari, Thorsten Beck, Mohammad Hoseini, Sun, 06/02/2013

Using state-level data from India over the period 1983 to 2005, this paper gauges the effect of financial deepening and outreach on rural poverty. Its findings suggest that financial deepening contributed to poverty alleviation in rural areas by fostering entrepreneurship and inducing geographic-sectoral migration.

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URL:  www.cepr.org/pubs/dps/DP9497.asp

Topics:  Development Financial markets Migration Poverty and income inequality

Tags:  entrepreneurship, India, poverty alleviation

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