The Banking, financial services and insurance sector include companies that provide a range of financial products or services.
US$380bn
total value of assets managed by India's mutual fund sector in FY 19.
US$30.7bn
first-year premium posted by India's life insurance firms in FY 19.
Online
transactions have registered fastest uptake in India.
4th
largest private wealth market globally by 2028.
140mn
middle-income and 21mn high-income households to be added by 2030, which will drive demand and growth.
7%
average GDP growth in the last five years, based on strong structural reforms.
56%
of family-owned businesses in India open to PE funding, as opposed to 39% globally.
US$74bn
worth of digital payments processed in India in 2020 is expected to grow at a CAGR of 16.7% till 2024.
Consolidations
of +25 public-sector banks and insurance firms to streamline the sector.
150%
CAGR estimated in India's mobile wallet industry to reach US$4.4 billion by 2022.
Fastest
growing FinTech markets in the world. India is ranked the highest globally in FinTech adoption along with China.
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India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive and capital establishments
Asian Development Bank's largest grantee in 2018 at around US$3bn was India.
Blackstone Group, a US-based private equity firm, has picked up assets in India.
Canada Pension Plan Investment Board has invested in a variety of assets in India.
US investment bank Goldman Sachs Group has invested in a variety of Indian assets.
GIC, the sovereign wealth fund of Singapore, has invested in several Indian assets.
India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments