" The National Council of Applied Economic Research (NCAER) has a long-standing tradition of research on the income, investment and saving of Indian households. The NCAER undertook the National Survey of Household Income and Expenditure (NSHIE) -- as part of continuing effort to improve estimates of income at the household level. Over 63,000 rural and urban households were canvassed as part of this survey.

Max New York Life approached the NCAER to include a substantial additional module, in order to understand household behaviour and perceptions relating to savings, financial security and vulnerability. This module, called the "Indian Financial Protection Survey" was supervised by a distinguished independent advisory panel."