Access To And Usage Of Financial Services In Emerging Market Economies With Special Reference To Brics Nations
Keyword(s):
This paper analyses the financial inclusion in BRICS countries. Is also assesses the progress, current scenario of the regulatory frameworks and various factors behind financial inclusion. The analysis shows that financial inclusion has been gaining momentum over time across the countries but the degree of financial inclusion varies widely. Although much progress had been achieved, a huge work remains to be done to foster financial inclusion for inclusive growth. The paper uses annual time series data from 2005 to 2017 to construct the financial inclusion index in BRICS countries. The used data have been collected from the Financial Access Survey, and International Monetary Fund.