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1. What was the Financial Inclusion Index (FI-Index) value in March 2024?
The Financial Inclusion Index (FI-Index) measures the extent of financial inclusion in India, with a scale from 0 to 100. In March 2024, the FI-Index rose to 64.2 from 60.1 in March 2023, reflecting overall growth across all sub-indices, especially in usage. This indicates significant progress in financial inclusion, showing that a larger portion of the population is engaging more frequently with financial services. The index's improvement highlights advancements in access, usage, and quality of financial services.