Business News

IIM Udaipur and PRICE unveil the Financial Maturity Index (FMI), offering deep insights into India's household financial capability.

India Must Move Beyond Financial Inclusion to Financial Maturity, Says FMI Study

Apr 24, 2026

New Delhi [India], April 24: The Indian Institute of Management Udaipur (IIMU), through the JM Financial Centre for Financial Research, in collaboration with People Research on India's Consumer Economy (PRICE), today released the Financial Maturity Index (FMI): A Survey of Two States, presenting one of the most comprehensive empirical assessments of household financial capability in India. New evidence highlights gaps in financial capability, resilience, and decision-making across households.

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