Statistical Methods in Finance 2018

Dec 17 - 20, 2018


Financial Inclusion Measurement : Searching for an Alternative Index

by Sugata Sen Roy

Financial inclusion refers to a state where individuals have effective access to credit, savings, payments and insurance from formal service providers. However, there are very few comprehensive measures to assess the financial inclusion in a region or country. In this paper, we suggest better indices for measuring financial inclusion. The indices are applied to data on India and other Asian countries. The results allow us a better insight into the inclusiveness of the financial sectors of these countries.