52. By far our most high profile development campaign of the Reserve Bank in recent years has been our aggressive pursuit of financial inclusion. Why is financial inclusion important? It is important because it is a necessary condition for sustaining equitable growth.
There are few, if any, instances of an economy transiting from an agrarian system to a postindustrial modern society without broad-based financial inclusion. As people having comfortable access to financial services, we all know from personal experience that economic opportunity is strongly intertwined with financial access.