Foreign direct investment and financial development play a determinant role in the growth of an economy. Various studies have investigated the impact of FDI and financial development on economic growth separately and in perspectives of different countries and regions. However, the results are found to be in-conclusive yet. This study aims to analyze the connections between FDI, financial development, and economic growth in 30 emerging economies by using updated data from 1970 to 2020. We used the latest econometric models to estimate the panel data. The key findings of this study indicate that FDI and financial development are crucial factors for economic growth in emerging economies. Furthermore, the empirical results of this study were supported by various robustness checks. The outcomes of this study hold several practical recommendations for investors, government, and policymakers.