Country profile · Edition 1

🇮🇳India

Asia

Score

57.6

Rank

34 of 46

Overview

India ranks 34th of 46 economies, with a score of 57.6 out of 100. It is 6th of 11 ranked economies in Asia.

Strongest: Innovation, Consumer protection, Government support, Financial education and Public awareness (100). Weakest: Credit access (15); Credit literacy (24).

Dimension scores

Credit literacy24.0

Credit access15.1

Financial inclusion59.6

Digital banking48.5

Innovation100.0

Consumer protection100.0

Government support100.0

Financial education100.0

Youth education33.3

Public awareness100.0

Dimensions with no score are left out of the overall score, never counted as zero.

Not yet measured: Reporting transparency, Alternative infrastructure.

Survey indicators

24%24% of adults answered at least 3 of 4 financial concepts correctly (S&P Global FinLit, 2014)

15.1%15% of adults borrowed from a formal institution or via mobile money in the past year (Findex, 2024)

89%89% of adults have an account (Findex, 2024)

30.1%30% could raise emergency funds within 30 days without great difficulty (Findex, 2024)

48.5%48% of adults made or received a digital payment (Findex, 2024)

Youth education policy: partial

Financial education is in the school curriculum only in some regions, or as an optional or pilot subject. There is no standalone course or graduation requirement. Young people are mentioned in the national strategy but not as a priority, or the strategy has expired.

Policy dimensions record whether a policy exists, not how well it works.