INDIA EXPERTS 2047IDEAS · PEOPLE · SOLUTIONS
MISSION 10 / INDIA 2047

Finance — Finance that supports productive growth

Strengthen financial inclusion, capital access and fiscal resilience.

Illustration of Finance mission
The mission in brief

What India must achieve

Long-term development requires household financial security, credible public finance and productive capital allocation.

Improve financial literacy and consumer protection; deepen long-term finance; simplify MSME credit; evaluate public expenditure effectiveness.

Our 2047 direction: Strengthen financial inclusion, capital access and fiscal resilience. Progress should be measured through outcomes experienced by people and businesses, not announcements alone.

Three challenges to solve

1. Financial literacy

For finance, this is a system-level constraint. The mission proposes documenting a comparable baseline across states, identifying the institutions responsible and testing solutions before nationwide expansion.

2. Access to credit

For finance, this is a system-level constraint. The mission proposes documenting a comparable baseline across states, identifying the institutions responsible and testing solutions before nationwide expansion.

3. Long-term savings

For finance, this is a system-level constraint. The mission proposes documenting a comparable baseline across states, identifying the institutions responsible and testing solutions before nationwide expansion.

Priority solutions

1. Financial education

Develop a practical intervention around financial education, starting with stakeholder mapping, a clearly defined target population, implementation costs and independent measurement. Compare approaches across Indian states and relevant international peers before recommending scale-up.

2. MSME finance

Develop a practical intervention around msme finance, starting with stakeholder mapping, a clearly defined target population, implementation costs and independent measurement. Compare approaches across Indian states and relevant international peers before recommending scale-up.

3. Resilient capital markets

Develop a practical intervention around resilient capital markets, starting with stakeholder mapping, a clearly defined target population, implementation costs and independent measurement. Compare approaches across Indian states and relevant international peers before recommending scale-up.

Roadmap to 2047

2026–2030 Establish transparent baseline and test targeted interventions in finance.
2030–2040 Scale independently evaluated approaches through public-private collaboration.
2040–2047 Track outcomes, address remaining gaps and update the strategy with evidence.

Outcomes to track

  • Household savings and debt stress
  • MSME credit access
  • public debt sustainability
  • investment-to-GDP ratio.

Proposed first pilot

Publish a plain-language household financial resilience toolkit and an evidence-based MSME credit journey study.

Evidence and further reading

The linked sources provide context; the mission recommendations are independent editorial proposals, not endorsed by the sources.

Read the detailed research brief →