In its latest releases, the Reserve Bank of India (RBI) highlights two critical indicators that reflect India’s evolving financial landscape. The Digital Payments Index (DPI) surged 10.7% year‑on‑year as of March 2025, rising from 445.5 in March 2024 to an impressive 493.22. This reflects stronger payment infrastructure, better supply‑side deployment, and improved transaction performance supporting the country’s digital economy.

Simultaneously, the Financial Inclusion Index (FI‑Index) climbed to 67.0 in FY‑2025, up from 64.2 in FY‑2024, on a 0–100 scale where 100 denotes full inclusion. This rise stems mainly from gains in usage (45% weight) and the unique quality dimension (20%), which includes financial literacy and consumer protection.

The FI‑Index integrates diverse sectors—banking, investments, insurance, pensions, postal services and measures access (35%), usage, and quality to present a comprehensive picture of financial outreach across India.

Together, these indices indicate that India is not only expanding digital payment adoption, especially through tools like UPI and fintech platforms, but also deepening meaningful access and user‑centric quality across socioeconomic groups. These metrics offer a robust framework for policymakers to identify gaps and design targeted financial inclusion strategies.