Journal of Management Research ISSN 1941-899X 2019, Vol. 11, No. 1 www.macrothink.org/jmr 15 Causes and Costs of Financial Inclusion in India Dr. Sweta Goel (Corresponding Author) Assistant Professor, Amity College of Commerce and Finance Amity University, Noida E-mail: goel.sweta@yahoo.co.in Mr. Amit Goel Assistant Vice President Royal Bank of Scotland, Gurgaon E-mail: amitgoel_2k@yahoo.com Received: Nov. 30, 2018 Accepted: Jan. 9, 2019 Published: January 9, 2019 doi:10.5296/jmr.v11i1.14192 URL: https://doi.org/10.5296/jmr.v11i1.14192 Abstract The growth of the economy is dependent on the inclusive growth of all the parts of the country, be it rural or urban. The availability of quality financial product and services is extremely important for the growth of the economy. Therefore greater financial inclusion in poorer and bottom of the pyramid segments is imperative. Financial inclusion can lead to equitable and inclusive growth of the nation. Therefore, it is a high agenda for Government of India and Reserve Bank of India. The present study focuses on understanding and analyzing the extent of financial inclusion on the basis of its indicators. Therefore, we examine the key issues in financial inclusion/ exclusion and discuss the conceptual framework and issues related to the measurement of financial exclusion. The extent causes and costs of financial exclusion are conferred and some suggestions for improving the state of financial inclusion are given. Keywords: Financial inclusion, financial exclusion, indicators, dimensions, Reserve Bank of India, sources of credit, condition exclusion, access exclusion, self-exclusion and price exclusion