Financial inclusion is the process that ensures the ease of access, availability, and usage of formal financial system for all members of an economy. Financial inclusions can be voluntary versus involuntary exclusion and it is however important to distinguish between voluntary versus involuntary exclusion. India is considered as largest rural populations in the world and belongs to agriculture activities; financial inclusion is aimed at providing banking and financial services to all people in a transparent and equitable manner at reasonable cost. Financial inclusion or inclusive financing is the delivery of financial services to sections of low income segments of society. A nation can grow economically and socially if its weaker section can turn out to be financial independent. The study focuses on the role of financial inclusion, in strengthening the India’s position in relation to other countries economy. After analysing the facts and figures it can be concluded that undoubtedly financial inclusion is playing a vital role for the economic and social development of society but still there is a long road ahead to achieve the desired outcomes.