Research paper, however, finds lowest indebtedness level among Muslims at 12.3% & highest among Hindus at 14.9%. Overall national financial inclusion level at 87.2%, indebtedness at 14.7%.
Using icons and speech, AI-enabled voice apps like Hello Ujjivan and Bhashini are building a new bridge to banking for India’s 18 crore low-literate citizens.
Experts also highlight need for more data to assess impact on ground. Govt data shows there are currently 53 cr Jan Dhan account holders, of whom 30 cr are women.
The top 15 cities of India account for more than 60% of the total AUM. We still have a long way to go before the spread of financial products becomes pan-India.
Low-income households work with irregular income inflows, resulting in shrinking financial planning horizon and necessitating frequent decisions in response to frequent changes.
Innovative platforms like Amazon, Google, Facebook, and Uber wouldn't have been so successful without the class of silent public technology investment.
In an era of polarised politics and fiscal inertia, the world’s most powerful democracies struggle to issue debt beyond 30-50 years. Yet a private entity has convinced the market of its viability through the year 2126.
On bilateral ties, Admiral Paparo said India-US ties have an exponential effect on deterrence, because it demonstrates a unity of purpose among us to maintain the peace.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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