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.
Industry says manufacturers have 2-4 weeks of buffer stocks, but prolonged disruption could push up shortage risks, especially of consumables like IV and syringes.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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