Financial Inclusion: India’s position compared with other countries The extent of financial exclusion in India is found to be higher as compared with many developed and some of the major emerging economies.
The wide extent of financial exclusion in India is visible in the form of high population per bank branch and low proportion of the population having access to basic financial services like savings accounts, credit facilities, credit and debit cards. The following table summarises India’s performance in the area of financial inclusion as compared with other developing as well as developed countries (Table 1).