India ranks 9th in Brookings financial inclusion scorecard – but 1st in country commitment
Tuesday, August 25, 2015
Mumbai: India ranked ninth out of 21 countries for its overall financial and digital inclusion efforts, according to the 2015 Brookings Financial and Digital Inclusion Project (FDIP) Report and Scorecard that was launched on Tuesday.
Brookings’ experts analysed the financial inclusion landscape in 21 countries including Bangladesh, Brazil, Chile, Colombia, Ethiopia, India, Indonesia, Pakistan and Zambia. Countries received scores and ranking based on 33 indicators spanning four dimensions: country commitment, mobile capacity, regulatory environment and adoption.
India, home to over a fifth of the world’s unbanked adults, was ranked first for country commitment, 16th for mobile capacity, seventh for its regulatory environment and ninth for adoption, the experts at The Center for Technology Innovation at Brookings said. This year’s scorecard is the first of a series of annual reports examining financial inclusion activities around the world, and is being unveiled at a public event and webcast on 26 August.