Financial Inclusion In India Some Key Statistics
In April, India had around 403 million mobile users. About 46% of them, or 187 million, did not have bank accounts. My colleague Ravi doesn’t find this surprising. “People can do without bank accounts but not mobile phones. My mom and aunt don’t have bank accounts but they use mobile phones to stay connected with others,” Ravi says. My driver Raju too doesn’t have a bank account but he carries a cellphone....