• Deepika Bhatia
• Prof. (Dr.) Jivan Kumar Chowdhury

A strong financial system is a foundation of economic growth, development and progress of an economy. A financial system which gains impetus from being functionally diverse, displays competent performance, is precarious to our national objectives of building a market-driven, productive and advancing economy. Growing system forefronts levels of investment and economy growth with its depth and exposure. In this period of becoming economic power and self-reliant, it is vivacious for any policy implications to result cordial conditions for persons, households and private institutions. The affluence of contact of banking services and vigorous bank branch network are the major enablers of developmental and expansionary activities in India. India has an dynamic financial market/system comprising of money market, Forex market, capital market, debt market to cater to financial needs and wants of various participants and segments of the society. It guarantees smooth and proficient flow of monetary resources, meeting the financial needs required for extension of wealth. India has a remarkable and well-structured banking system to satisfy the pecuniary needs of individuals and households' and which back the progress and development of the economy. Towards attainment of these needs, basic reforms, supervision and constant monitoring are envisioned to confirm a modern and up-to-date banking practices, healthy competition, and financial inclusion and well-balanced de-regulation.

Financial inclusion index; Multidimensional variables; IFI; Computation

"DEGREE OF FINANCIAL INCLUSION IN INDIA ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 11, page no.33-47, November-2018, Available :http://www.jetir.org/papers/JETIR1811506.pdf

"DEGREE OF FINANCIAL INCLUSION IN INDIA ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 11, page no. pp33-47, November-2018, Available at : http://www.jetir.org/papers/JETIR1811506.pdf