Financial Services in India

India has emerged as one of the fastest-growing fintech markets in the world with a market size estimated at US$ 150 billion by 2025.

Advantage India

Growing
Demand

* Rising income is driving the demand for financial services across income brackets.

* Investment corpus in Indian insurance sector might rise to US$ 1 trillion by 2025.

* With >2,100 fintechs operating currently, India is positioned to become one of the largest digital markets with rapid expansion of mobile and internet. 

Growing Demand

Innovation

* India benefits from a large cross-utilization of channels to expand reach of financial services.

* Emerging digital gold investment options.

* In the Union Budget 2022-23 India announced plans for a central bank digital currency (CBDC) which will be known as Digital Rupee.

Innovation

Policy
support

* The government has approved 100% FDI for insurance intermediaries and increased FDI limit in the insurance sector to 74% from 49% under the Union Budget 2021-22.

Policy Support

Growing
Penetration

* Credit, insurance and investment penetration is rising in rural areas.

* HNWI participation is growing in the wealth management segment.

* Lower mutual fund penetration of 5-6% reflects latent growth opportunities.

Growing Penetration
Last updated: Feb, 2024

IBEF Campaigns

MORE
Gulfood Dubai 2023

Gulfood Dubai 2023

APEDA India Pavilion Gulfood February 20th-26th, 2022 | World Trade Centre,...

India Organic Biofach 2022

India Organic Biofach 2022

Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nuremberg, ...

Case Studies

MORE

India's White Revolution

India's White Revolution

The "White Revolution" in India refers to the successful implementation of Operation Flood, a dairy development program launched on January ...

The Growth of Ayurveda in India

The Growth of Ayurveda in India

Ayurveda, an ancient health system originating from India, has a longstanding history. It revolves around using plants and herbs to maintain health an...

The Success of Digital India

The Success of Digital India

India's digital ecosystem has undergone an enormous change in recent years. The progressive integration of government services into digital platfo...

IBEF BLOG

MORE
Introduction to Digital Payments- Unified Payments Interface (UPI) and RuPay credit cards in India
20 Mar 2024

Introduction to Digital Payments- Unified Payments Interface (UPI) and RuPay credit cards in India

India's digital payment ecosystem has undergone a remarkable transforma...

The Rise of Health Tech Startups: Bridging Gaps in Indian Healthcare
19 Mar 2024

The Rise of Health Tech Startups: Bridging Gaps in Indian Healthcare

The healthcare industry in India has emerged as an important contributor to...

Mission Net-Zero: A Strategic Plan for the Indian Chemical Sector
6 Mar 2024

Mission Net-Zero: A Strategic Plan for the Indian Chemical Sector

In recent years, the pursuit of net-zero emissions has garnered substantial...

Partners
Loading...