Viksit Bharat: The Financial Revolution That Will Change Everything

India's vision of Viksit Bharat by 2047 is dependent to a large extent on the financial services sector to ensure inclusive growth. Financial inclusion is central, where all citizens should have access to financial services and thus empower vulnerable groups. The sector plays an important role in improving credit availability, encouraging digital financial products, and ensuring economic empowerment. There is a need for cooperation between FinTechs, banks, and government efforts to overcome challenges such as cybersecurity and financial literacy. With the help of technology and new-age policies, India hopes to reach universal financial inclusion and emerge as a developed nation.

 

Source: BusinessWorld