The current study has examined the impact of governance and financial inclusion (FI) on economic growth of the high and low income nations for the span between 2004 and 2015. The study has employed panel data estimation to analyze this impact on 47 (Forty-seven) countries of which 08 (eight) high income and 39 (thirty-nine) low income countries. Gross Domestic Product (GDP) is used as dependent variable and proxied by economic growth and two variables, governance and financial inclusion are used as independent variable. Four components of governance are used Regulators Quality (RQ), Governance Effectiveness (GE), Rule of law (RoL) Control of Corruption (COC) and principle component analysis (PCA) has been performed to measure Financial inclusion using ATM, Bank Branches, Bank account, Bank Deposit, Bank Credit as independent variables. The result of the study shows that FI, RoL and RQ have significant and positive impact on economic growth in low income countries, whereas in high income countries only COC has significant and positive impact. Aforementioned above findings, the policymakers should encourage to implement such policies includes RoL, RQ and COC. It suggests that good governance and better level of financial inclusion are components of the economic growth through which the growth opportunities can be created by the policymaker by providing the easy access to the individuals and business to contribute in the economy. Supervisor:- Dr. Nadeem Ahmad Khan