Читать книгу The Political Economy of the BRICS Countries - Группа авторов - Страница 115

The goal of financial inclusion which is being currently pursued in India is a challenging one. Considerations of regulation, competition, and ownership in an integrated manner, enhanced oversight of financial markets, and a proactive focus towards financial infrastructure are all working together to help achieve the task of furthering financial inclusion in the country.

At a broader plane, driven by manifold developments, including technological advancements, there has been a marked progress in financial inclusion in the BRICS. The progress is far more in regard to account ownership as compared with use. Some of the reasons are economic, while others are more structural in nature. Newer and innovative ways of addressing these challenges are emerging, which holds the promise of greater financial inclusion, going forward. The FINDEX 2017 notes that two-third of unbanked adults have a mobile phone. While this holds the promise of reaching out to the unbanked in a cost-effective manner, it also raises the possibility of cyber risks that can impede the financial inclusion momentum. Addressing the challenges involved while reaching out to the last mile holds the promise of a greener tomorrow for the unbanked populace.