A future of financial health for every Indian
The UN Secretary-General’s Special Advocate for Financial Health highlights India's progress in financial inclusion and the need to shift focus toward long-term financial health. The article emphasizes that moving beyond basic bank accounts to investments and insurance is vital for individual and national prosperity.
Why it matters
It outlines a strategic shift in development policy from simple access to financial services toward sustainable economic resilience for informal workers.
Nar has been working for 45 years and is one of the longest-serving caddies at his golf club. Although he had a bank account for years, like many informal workers, he was focused on earning a living and supporting his family, leaving little opportunity to plan for the future.
That changed three years ago when he learned about the National Pension System and began saving for retirement for the first time. Today, his fund is growing, giving him confidence that after a lifetime of hard work, he can retire with financial security and dignity.
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