Computation of Financial Inclusion Index for India

By R. Gupte, Bhama Venkataramani, Deepa Gupta. 2012

250 citations recorded by the source corpus.

Abstract Financial inclusion has become the buzzword and has caught the attention of research scholars, policy makers and economists. While finance has always been recognized to be the life blood of any economic unit, financial inclusion, as a ‘quasi-public good’ is seen to be the harbinger that would facilitate fuller participation by vulnerable groups such as weaker sections and low income groups in the financial system. This paper aims to study the determinants that measure the extent of financial inclusion and focuses on the computation of an index that would comprehensively capture the impact of multi-dimensional variables with specific reference to India, using the latest available data. Past studies have omitted one or the other dimensions impacting financial inclusion, for various reasons. However, since each of the dimensions is critical, incorporating as many dimensions as possible will result in a more holistic of financial inclusion. The Reserve Bank of India (RBI) has initiated several measures to enhance the financial inclusion in India. The impetus came from schemes like relaxed KYC norms, rsquo;no-frills’ accounts and “General Credit Cards” for small deposits and credit since 2005-06.

Subfields: Accounting, Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/53e305432160fbb3d4a108e8ce410093fdf0121b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Ruchi Sharma
2. S. K. Lenka
3. Shivangi Bhatia
4. Seema Singh

In Economics and Econometrics

1. Ruchi Sharma
2. S. K. Lenka
3. Shivangi Bhatia
4. Seema Singh

In Sociology and Political Science

1. Ruchi Sharma
2. S. K. Lenka

Citations in the corpus

• Financial Inclusion in Africa (2015, unknown): “After the publication of Sarma (2008), authors such as Chakravarty and Pal (2010) and Gupte et al. (2012) developed modified financial inclusion indices, which have often been applied to Indian states.”
• Does Financial Inclusion Spur Economic Growth in India? (2017, background): “substantial empirical evidence suggests that the positive relationship between financial inclusion and economic growth in developing countries like India [see Mohan (2006); Swamy (2010); Dixit and Ghosh (2011); Onaolapo (2015); Sharma (2016)].”