Inverting the Pyramid: Indian Microfinance Coming of Age- Third Edition

This series of reports examines microfinance sector performance in India and identifies key drivers for future growth.

The report states that India's large unbanked population, fast growth, high investor interest, planned IPOs and strong operational and financial performance have put the country's microfinance sector at the center of global attention. It examines:

• Possible loss of MFIs' social orientation due to increasing commercialization;
• Unmet demand and current supply of microfinance in the Indian market;
• Emerging MFI products and services and their potential for expansion;
• Changes in the structure and dynamics of Indian microfinance in the past two years;
• Sources of capital, outlook on exits for equity investors and increasing sophistication of financial instruments used in the industry;
• Impact of the financial crisis of 2007-2008 on MFI clients.

The report also examines future directions for the evolution of India's microfinance industry, including how recent regulation on business correspondents could change the microfinance landscape and future capital needs of the market.