This study investigates the relationship between banking sector development and economic growth in India, focusing on how advancements in the banking sector contribute to economic development and overall financial stability. With India’s rapid economic growth and transformation over the past decades, the role of a robust banking sector in facilitating financial intermediation, investment, and consumption has become increasingly significant. This research examines various dimensions of banking sector development, including financial inclusion, credit availability, and technological advancements, and their impact on economic growth. Through an analysis of historical data, current trends, and case studies, this study aims to provide insights into how banking sector reforms and innovations influence economic outcomes. The findings are intended to inform policymakers, financial institutions, and researchers about the critical linkages between banking development and economic performance, and to guide future strategies for enhancing financial sector contributions to economic growth.