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

*The AUM of the Indian MF Industry has grown from Rs. 9.16 trillion (US$ 110.63 billion) in 2014, to Rs. 54.54 trillion (US$ 658.72 billion) in 2024, growing ~6x in a span of 10 years.

*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: Jul, 2024

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