In India while BCs play an important role, financial inclusion aims not merely at remittances but also aims at savings product, a loan/credit product, remittance product as also insurance product. Further the basis for a remittance product outside banking systems pre-supposes the existence of a national identity system in the country. 8. A few words about Indian approach to FI.
In areas such as digitalisation or energy supply, the government instead has to create a suitable framework for private sector investment. Additional public investment has often been mooted already. However, it would be good to see these weak points remedied more quickly. Currently, construction capacity is having a constraining effect, and this is compounded by drawn-out proceedings before construction can even begin.