Fintech and start-ups fueling India’s USD5 trillion economy
Fintech &start-ups fueling India’s USD5 trillion econom
The report takes a deep dive into the digital disruption in the Fintech sector and the role of startups in boosting the economy and ultimately driving inclusion.
The transaction value for the Indian fintech sector is estimated to be approximately USD33 billion in 2016 and is forecasted to reach USD73 billion in 2020 growing at a five-year CAGR of 22 per cent. The stakeholders involved in the sector are finding rewarding ways to ensure inclusive growth through innovative services and products in the sector. For the Indian economy to reach the USD5 trillion mark, it would need to rise at a rapid pace of 12 per cent CAGR, up from less than 6 per cent currently. The report which consists of two parts also shows how some of startups in India are driving the economy by solving unique problems.
Part 1: Building new-age financial infrastructure for inclusive growth
Part 2: Start-ups and the Indian economy
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