Access to credit is an indicator of business and other financial activity. Going by this, women have increased their participation in credit. In the calendar year 2021, there were 54 million active women borrowers. This is much higher than the 22.5 million in 2016. This is a compounded annual growth rate (CAGR) of 19 per cent, which makes women borrowers a segment that lenders need to pay more attention to. This and other findings of a TransUnion Cibil report on participation of women in India's retail credit market show similar trends.