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 TransUnion CIBIL releases study that highlights the importance of credit inclusion

Mumbai, April 25, 2022 – More than 160 million consumers were considered to be underserved2 in India at the end of 2021, according to a new global TransUnion study – “Empowering Credit Inclusion: A Deeper Perspective on Credit Underserved and Unserved Consumers.” The study found that about 5% of consumers who started as credit underserved were found to have migrated to becoming more credit active in a two-year window.

 The study findings are being shared as part of TransUnion CIBIL’s ongoing commitment to improving financial inclusion and awareness across India so more consumers are able to participate in the formal credit economy. With about a fourth of India’s adult population under 30 years of age, the new research is very timely. This grou...