Measuring Financial Inclusion in India : An Approach

Q2 Economics, Econometrics and Finance

Indian Journal of Finance Pub Date : 2023-01-01 DOI:10.17010/ijf/2023/v17i1/172601

Sanjit Kapoor, V. Mohandas

引用次数: 0

Abstract

In light of the COVID-19-induced financial crisis, the need for robust financial services and networks has become more apparent than ever, which necessitated the accurate measurement of the breadth of financial inclusion in India. First, the study conducted a detailed critical review of the current indices and their construction methodology. Then, we created a financial inclusion index for India by accounting for the flaws existing in the current indices. The primary contribution of this study to the existing literature is the new approach it proposed for the assignment of weights in the financial inclusion index. Based on this new financial inclusion index, the study concluded that India's Southern states and union territories showed better financial inclusion. In contrast, the traditionally backward BIMARU states of Bihar, Madhya Pradesh, Rajasthan, and Uttar Pradesh, and a few of the North Eastern states of India, lagged. The study also provided a refined and inclusive definition of financial inclusion based on its new approach to index creation. © 2023, Associated Management Consultants Pvt. Ltd.. All rights reserved.

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衡量印度的金融包容性：一种方法

鉴于新冠肺炎引发的金融危机，对强大金融服务和网络的需求比以往任何时候都更加明显，这就需要准确衡量印度金融包容性的广度。首先，该研究对现行指数及其构建方法进行了详细的批判性审查。然后，我们通过考虑当前指数中存在的缺陷，为印度创建了一个金融包容性指数。本研究对现有文献的主要贡献是它提出了在金融包容性指数中分配权重的新方法。基于这一新的金融包容性指数，该研究得出结论，印度南部各州和联邦直辖区表现出更好的金融包容性。相比之下，传统落后的比哈尔邦、中央邦、拉贾斯坦邦和北方邦，以及印度东北部的一些邦，则落后了。该研究还根据其创建指数的新方法，对金融包容性提供了一个精细而包容的定义。©2023，Associated Management Consultants Pvt.有限公司。保留所有权利。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Indian Journal of Finance Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)

CiteScore

1.50

自引率

0.00%

发文量

期刊介绍： a source of sophisticated analysis of developments in the rapidly expanding world of finance, is a double blind peer reviewed refereed monthly journal that publishes articles on a wide variety of topics ranging from corporate to personal finance, insurance to financial economics, and derivatives. It provides a forum for exchange of ideas and techniques among academicians and practitioners and thereby, advances applied research in financial management. The journal, with its mission to promote thinking on various facets of finance, is targeted at academicians, scholars, and professionals associated with the field of finance to promote pragmatic research by disseminating the results of research in finance, accounting, financial economics, and sub - areas such as theory and analysis of fiscal markets and instruments, financial derivatives research, insurance, portfolio selection, credit and market risk, statistical and empirical financial studies based on advanced stochastic methods, financial instruments for risk management, uncertainty, and information in relation to finance.