By Rajiv Shah Despite wide talk of Gujarat being No 1 in things financial, top rating agency Cisil has found that the state is failing to improve upon its financial inclusion index compared to most of India. A new report by the top consulting firm, Crisil, has revealed that the financial inclusion index, called Inclusix – a concept it worked out in alliance with the Ministry of Finance, Government of India, to find out how deep is financial penetration among larger sections of population – has revealed that Gujarat has failed to improve its performance over the last four years in providing the three critical parameters of banking services, viz. branch penetration, deposit penetration, and credit penetration. Titled “Crisil Inclusix: An Index to Measure India’s Progress on Financial Inclusion”, this is the second report in a year brought out by India’s authoritative consulting firm, which is supported by the well-known US rating agency, Standard & Poor. Dated January 2014, the rep