Over the past decade, India has executed one of the world's most ambitious financial inclusion programmes. With over 55 cr bank accounts opened, rapid expansion of digital payments, and deeper access to formal credit and insurance, the financial system has extended its reach across geographies and income segments. This is the foundational step for inclusive growth. With access no longer being the binding constraint, the more pressing challenge is whether households can use financial services effectively.
Also Read: How states spend: Rising costs, growing deficits, need for efficient spending
