One out of every four financially excluded women in the world lives in India. Even though the country has made great progress in helping women to access the financial services they need to improve their lives, there are still more than 280 million women—62 percent of India’s female population—who manage their daily finances outside of the formal financial system.
In this new infographic, Omidyar Network brings forward some interesting numbers that help to size the financial gender gap between men and women in India, along with insights from the recently released behavioral research from a “A Buck Short”, and product design recommendations for financial services providers looking to better serve this segment.
A dignified life means stability and agency. It means we get paid fairly for the work we do, and get a fair return for the time we put in. It means we can make ends meet, sustain our families, and send our kids off to a brighter future.