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How will Jan Dhan Yojana impact macroeconomic indicators?
How will Jan Dhan Yojana impact macroeconomic indicators?
Expert Solution
Jan Dhan Yojana will impact macroeconomic indicators positively.
Macroeconomics involves the study of how the limited resources are utilized by a whole economy in production of goods and services for consumption. Economies can be those of state or even the world. The overall decisions concerning the economic factors affecting the whole economy are made. The macroeconomic factors affecting the state include the total national earning, the rate of employment, inflation and deflation rates and the total worth of the goods and services produced in the state among others.
Jan Dhan Yojana is concerned with the unfair distribution of financial credit. He argues that the rich has been accessing those services while the poor are suffering. His major focus is the encouragement of financial inclusion. Financial inclusion will enhance careful use of financial credit and higher access of the financial credit by all classes of people. As a result, the economic growth will be boosted in the long run.This indicates a positive impact on macroeconomic indicators.
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