India's digital economy to see exponential growth to 800 billion dollars by 2030

India's digital economy to see exponential growth to 800 billion dollars by 2030

• India's digital economy is expected to witness exponential growth to 800 billion dollars by 2030 on the back of rising internet penetration and increasing income.
• FM Nirmala Sitharaman said India has over 6,300 fintechs, of which 28% are into investment technology, 27% into payments, 16% into lending, and 9% into banking infrastructure, while over 20% are into other fields.
• The combined valuation of India's fintech industry is set to surge to 150 billion dollars in the next three years.
• Majority of the startup unicorns are from the fintech sector and that the easy availability of funding has helped them grow.

Published date : 14 Mar 2022 05:32PM