Independent Research and Policy Advocacy

Policy Initiatives

Household Finance

Dvara Research’s Household Finance Research initiative aims to rigorously understand the financial choices and decisions of low-income or excluded individuals and households, and their relation to achieving households’ objectives. It has been our consistent endeavour to study financial inclusion as a gateway to a suite of appropriate financial services eventually enabling well-rounded household balance sheets and consumer financial well-being.

Misha Sharma Dvara

Misha Sharma

Head - Household Finance

Natasha D’cruze Dvara

Natasha D’cruze

Research Associate

Niyati Agrawal Dvara

Niyati Agrawal

Research Associate

Priyadarshini Ganesan Dvara

Priyadarshini Ganesan

Senior Research Associate

Risha Ramachandran Dvara

Risha Ramachandran

Research Consultant

Our Work

April 4, 2024 | Dvara Research

This article explores the significance of financial inclusion in determining the financial well-being of Indian households. It discusses a measurement framework developed by Dvara Research and xKDR Forum, focusing on access to and usage of financial products, and financial well-being. Our results from collaborative research with financial service providers shed light on the framework's applicability and its relationship with improved financial outcomes.

August 31, 2023 | Dvara Research

Governments and lenders provide loan moratoria to help struggling borrowers, particularly during an economic crisis. While it can provide relief to borrowers, such a policy also has a possibility of inducing moral hazard among the beneficiaries.

By Rakshith S. Ponnathpur, Nitin Vishen
August 28, 2023 | Dvara Research

The study explores the financial lives of platform workers and finding answers to the following questions: do platform workers face volatility in their income and expenses, and how much do their earnings and expenditures vary on a day-to-day basis; how long do they work to earn as much as they would like to; whether and where they save and borrow; what strategies do they adopt to manage their money to meet their day-to-day expenses, raise lump-sums, deal with and recover from shocks; what social protection benefits do they have access to; what their financial goals are; and what barriers exist, if at all, in their pursuit of those goals.

By Rakshith S. Ponnathpur, Risha Ramachandran
June 28, 2023 | Moneycontrol

Insurance companies should align their sales practices to generate the best outcomes for low income households by ensuring easy access to a variety of products with disclosures that provide accurate information.

March 13, 2023 | ThePrint

There is a need for updated dataset on households' consumption patterns, increased frequency of surveys on households’ balance sheet, and to collect data on financial well-being.

February 13, 2023 | Dvara Research

Despite significant policy support for financial inclusion, there is little evidence about what has been achieved by way of knowing which households and individuals are financially included, or what is the impact of such inclusion on these persons.

By Natasha D’cruze, Dr. Indradeep Ghosh, Geetika Palta, Misha Sharma, Susan Thomas
January 30, 2023 | ThePrint

Low-income households seek loans often, but credit is suitable if it helps sustain or improve financial well-being. This is what must be ensured by lenders, regulators & policymakers.

By Natasha D’cruze, Rakshith S. Ponnathpur
January 23, 2023 | Dvara Research

The Inclusive Finance India Report is a comprehensive and well-researched account on cumulative progress made in India toward reaching the ambitious goal of universal financial inclusion.

By Dr. Indradeep Ghosh, Susan Thomas, XKDR Forum, Dvara Research
November 22, 2022 | FinDev Gateway

Indian households and businesses hold their wealth primarily in physical assets like real estate, gold, and durables, while barely investing in any financial assets.

By Niyati Agrawal, Rakshith S. Ponnathpur
October 17, 2022 | ThePrint

The social dimension of household finances is often missed by popular commentary on finance, which sees such decisions as being made by an individual for only themselves.