Long way to go As indicated above, while India has made enormous strides towards greater financial inclusion, there is a long way to go, about 500,000 villages are yet to be provided with banking services.
- current transfer items under the current account should also be considered Though current transfers are not as important proportionally as other items in the current account, the currency structure of these transfers still needs to be considered in the determination of the weights assigned to the currencies in the basket.