“Impact of Digital Financial Innovation on Economic and Sustainable Development”

Abstract

Digital financial innovations are the financial services which are provided online to users. Theses innovations are the most important tool for financialy inclusion of the underpriviledged population the economy. In this paper the impact of digital financial innovation on economic and sustainable development was examined. The factors which affect the use of digital financial innovation was also identified in this paper. For checking the model fitness CFA was used and for finding out the impact of digital financial innovation on economic and sustainable development SEM was applied. The author investigated that digital financial innovations positively affect the economic as well as sustainable development of India.