Dvara Research is a policy research institution based in India. Our mission is to ensure that every individual and every enterprise has complete access to financial services. We strongly believe in the deeply transformative power of finance in unlocking the potential of individuals, households, enterprises and local governments. 

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Our Policy Initiatives

Financial Systems Design

The initiative aims to develop and disseminate financial systems designs focused on achieving both inclusion and stability.
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Household Finance​

The 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.
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Future of Finance​ Initiative

The initiative aims to identify and address new challenges for policy and regulation in India around customer protection, given the waves of digital innovation currently sweeping financial services.
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Social Protection​ Initiative

The initiative aims to conduct research that will inform the design and implementation of a universal social security system.
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Latest Themes

Dvara Research through this new workstream/theme tries to layout pathways to enhance health financing in India to achieve universal healthcare
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COVID- 19 pandemic has made a damaging impact on the lives of low-income households. In this context, we have been sharing our insights on issues related to low-income households and some recommendations to tackle the issues.
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We assess the last-mile delivery challenges in welfare and provide policy and design solutions to minimize exclusion errors in the delivery architecture
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We analyse how
low-income households use financial and
non-financial instruments to attain their objectives to inform product design and policies to serve them better.
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Latest Work


Employee State Insurance Scheme is missing in action

January 8, 2021 | Financial Express

Bindu Ananth & Manish Sabharwal


Fixing India’s Banks: Making Banking Boring Again

January 7, 2021 | BloombergQuint

Nachiket Mor & Deepti George


Finding the common man in the capital markets

January 5, 2021 | Moneycontrol

Deepti George & Madhu Srinivas


Why We Need Banks… And Getting Indian Banking Right

December 30, 2020 | BloombergQuint

Nachiket Mor & Madhu Srinivas

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