New Delhi, Sept. 11 -- India is fast bridging the gender gap in economic activities and financial transactions but it may take some time before women equal men in ownership of Permanent Account Number (PAN), which is compulsory for a host of financial transactions.

Data available with the Income Tax department show that the number of women PAN holders is growing faster than that of men who hold the ten-digit identification number issued by the department. In the year ended March 2019, 31.3 million women were added to the list of PAN holders, a jump of over 240% from the 9.2 million added in the year before. On the other hand, 34.5 million men were added to the list of PAN database in FY19, an increase of 213% from the 11 million added a ...