Financial inclusion from an opportunity angle
The more one hears the phrase ‘financial inclusion’ the more one wonders if a 100 per cent financial inclusion is achievable in India. A tall task, indeed, considering that only 30 to 35 per cent of households in India are financially included, as Mr Saurabh Tripathi, Partner and Director, The Boston Consulting Group, Mumbai, informs, citing a recent research by the firm. He is, however, hopeful that financial inclusion can happen.
“We found that there is a very large segment that could potentially be included in an economically viable manner with appropriate business model innovations,” adds Mr Tripathi, during a brief interaction with Business Line.