Financial inclusion and financial resilience: insights from current literature and future research agenda through bibliometric and content analysis approach

Abstract

Sustainable Development Goals (SDGs) emphasise poverty reduction and economic well-being of people in all strata. In line with SDGs, reducing economic vulnerability by ensuring financial resilience has become the policy priority of governments across the globe. However, ensuring financial resilience among people grappling with lower and uncertain income remains a concern for most economies. Amidst this grievous situation, financial inclusion is presumed to equip people against financial adversities and bring financial resilience. Studies have unfurled the nexus between financial inclusion and financial resilience to assess and supplement the government's priority. In this context, this study makes a bibliometric and content analysis of 62 studies gathered from Scopus, Web of Science, EBSCO, JSTOR, ProQuest and Google scholar databases. The study reveals that though studies have been attempted throughout the world but, very few are based on emerging economies, including India. Further, this field suffers from sluggish growth of literature due to lack of collaboration and focus on specific classes of people, economic activity, etc. Furthermore, the study reveals that though areas like country, business houses, consumers, age, and gender have been amply addressed but, areas of digital financial inclusion, fishermen community, marine fishermen, people with uncertain income, etc., have been unheeded.