Has financial inclusion changed over time in rural India?
The short answer is YES! We see a 22 percentage point increase in household ownership of bank accounts in rural India over a period of just 10 years, from 33% households owning bank accounts in 2006 to 55% in 2016.
Percentage of rural Indian households owning bank accounts
Does this also mean that more women in rural parts of India have access to financial inclusion?
Great question! Female ownership of bank accounts is a key indicator of financial inclusion, not least on account of its significant downstream effects. And the answer again, is YES. On an average, the percentage of rural Indian women owning bank accounts increased from 8.5% in 2006 to slightly over 20% in 2016.