STUDY ON FINANCIAL INCLUSION AMONG SELECTIVE ASIAN COUNTRIES – A COMPARATIVE ANALYSIS

Objective: In recent years, inclusive growth has emerged as one of
the most significant policy objectives around the world. Financial
inclusion is the most recent item to be explicitly added to the
social inclusion agenda, and it advocates for all segments of society
to have affordable access to a wide range of financial services
Several national governments have undertaken financial inclusion
initiatives. These, along with other international and national efforts,
are producing results.
Purpose: According to recent Global Findex data, the global share
of adults having a bank account has climbed by seven percentage
points since 2015. This study will compare financial inclusion
developments in key Asian economies including India, Pakistan,
China, Bangladesh, Sri Lanka and others. It is a descriptive study.
Methodology: This research was conducted utilizing the Global
Findex database of seven nations. Furthermore, binary logistic
regression, panel regression, and pooled regression were used to
investigate the amount of influence that the independent variable
has over the dependent variables.
Findings: Gender has less of an influence in India and more in
Pakistan, but in all other nations, gender and age do not significantly
explain people’s savings. Employers in the intermediate and small
scale industries are required to pay salaries using bank accounts.
This will also help women gain financial inclusion in India, Pakistan,
China, Bangladesh, Indonesia, Sri Lanka, and many others.