At 31%, India reports the highest share of women actively using their financial accounts across Women’s World Banking’s priority markets in 2017. Mobile account ownership also continues to remain low for men and women.

Gap in Financial
Account Ownership
(%)

The 2017 gap in this income quintile between men owning financial accounts and women amounts to 7%. This gap decreased from 2011, where the gap was 26%.

Financial Account
Active (%)

Borrowing Activity (%)
31% of women have reported actively using their financial accounts. India reports the highest share of women (in this quintile and the general population) actively using their financial accounts across Women’s World Banking’s priority markets in 2017.

Financial Account
Inactive (%)

Borrowing Activity (%)
India reports a growing share of men (37%) and women (46%) who have access to a financial account, but are not actively using it in 2017. Women who are not actively using their account are using informal loans more frequently (14%) than formal loans (1%).

No Financial Account
(%)

Borrowing Activity (%)
The number of women who have no access to financial accounts has decreased from 2011 (74%) to 2017 (23%). 18% of these women have not accessed formal or informal loans.

Gap in Mobile
Phone Ownership
(%)

76% of men reported to own a mobile phone compared to 51% of women, resulting in a large gap of 25%.

Total
Population
(Billions)

The India population has increased since 2011, with a total of 1.33B in 2017. 48% of the population are women, 52% are men.

Gap in Financial
Account Ownership
(%)

The 2017 gap in between men owning financial accounts and women owning financial accounts amounts to 6%. This gap decreased from 2011, where the gap was 17%.

Financial Account
Active (%)

Borrowing Activity (%)
The share of women who actively use their financial accounts has increased from 2011 (9%) to 2017 (34%). 13% of these women have accessed informal loans.

Financial Account
Inactive (%)

Borrowing Activity (%)
The share of women who have not actively used their financial accounts has increased heavily from 2011 (17%) to 2017 (43%). 28% of these women have not accessed formal or informal loans.

No Financial Account
(%)

Borrowing Activity (%)
The share of women who have no access to a financial account decreased from 2011 (74%) to 2017 (23%). 18% of these women have not accessed formal or informal loans.

Gap in Mobile
Phone Ownership
(%)

78% of men reported to own a mobile phone compared to 59%, resulting in a 19% gap.

Gap in Mobile
Account Usage
(%)

Mobile account ownership remained low for both men (3%) and women (1%) in 2017.