Can paperless finance technology increase household income in India?

The Reserve Bank of India (RBI) committee looking into household finance has several fascinating takeaways into what impedes Indian families from saving, insuring, and investing better. Headed by Tarun Ramadorai, professor of Financial Economics at Imperial College London, the committee report says households can significantly augment their annual income if they had access to formal financial institutions and products, and that technology has a key role to play in ensuring this access. A good money management plan can help augment a household’s income. The household finance report determines this augmentation…

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