Q. Which institution releases the Financial Inclusion Index (FI-Index) in India?
Answer:
RBI
Notes: The Reserve Bank of India (RBI) has reported that the Financial Inclusion Index (FI-Index), which measures the extent of financial inclusion in the country, increased to 60.1 in March 2023, showing growth in all parameters.
The FI-Index provides a single value ranging from 0 to 100, with 0 representing complete financial exclusion and 100 representing full financial inclusion. The main contributors to the FI-Index's improvement were the Usage and Quality dimensions.