Summary:

The Reserve Bank of India's Financial Inclusion Index (FI-Index) increased by 4.3% in fiscal year 2025, from 64.2 in March 2024 to 67 in March 2025. The index, created with participation from the government and authorities, assesses access, usage, and quality of financial services in areas such as banking, insurance, investments, pensions, and post offices. A score ranging from 0 to 100 represents the amount of financial inclusion, with 100 indicating complete inclusion. The FY25 increase was mostly driven by increased usage and quality, indicating greater involvement and financial literacy. The index considers three factors: access (35%), usage (45%), and quality (20%). This achievement contributes to India's aims of inclusive growth, financial empowerment, and the building of its formal financial ecosystem.

Source: IBEF

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