Indian fintech industry expected to reach $420bn by 2029, growing at 31% CAGR, driven by gov policies, digital economy push, and tech-savvy population.
The Indian fintech industry is expected to reach $420 billion by 2029, growing at a 31% CAGR from approximately $110 billion in 2024, according to Ajay Kumar Choudhary, Non-Executive Chairman and Independent Director at the National Payments Corporation of India (NPCI). The sector's growth is driven by favourable government policies, a digital economy push, and a tech-savvy population, with over 9,000 fintech entities in India, ranking third globally.
July 18, 2024
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