The future of digital finance in India is looking bright, and the country has been lauded by the International Monetary Fund (Imf) as a global pioneer in financial technology. India’s fintech ecosystem has risen to become the third-largest in the world, with over 9,000 companies in the industry. And with a total of 108 unicorns – companies with valuations of more than $1 billion – having a combined valuation of $340.8 billion (₹28.2 trillion), the stage is set for the South Asian peninsula to reach $70 billion (₹5.8 trillion) in annual revenue by the 2030 fiscal year.
A perfect storm
Local and foreign investors are optimistic and continue to invest funds into India’s rapidly growing stock market, with both the Sensex and Nifty stock indices hitting record highs last July 19. The former hit an all-time high of 67,117.05, up 22% from its 52-week low, while the latter increased 21% from its own 52-week low. Foreign investors, still sceptical about the ability...
A perfect storm
Local and foreign investors are optimistic and continue to invest funds into India’s rapidly growing stock market, with both the Sensex and Nifty stock indices hitting record highs last July 19. The former hit an all-time high of 67,117.05, up 22% from its 52-week low, while the latter increased 21% from its own 52-week low. Foreign investors, still sceptical about the ability...
- 10/17/2023
- by Pooja Tiwari
- GlamSham
The future of digital finance in India is looking bright, and the country has been lauded by the International Monetary Fund (Imf) as a global pioneer in financial technology. India’s fintech ecosystem has risen to become the third-largest in the world, with over 9,000 companies in the industry. And with a total of 108 unicorns – companies with valuations of more than $1 billion – having a combined valuation of $340.8 billion (₹28.2 trillion), the stage is set for the South Asian peninsula to reach $70 billion (₹5.8 trillion) in annual revenue by the 2030 fiscal year.
A perfect storm
Local and foreign investors are optimistic and continue to invest funds into India’s rapidly growing stock market, with both the Sensex and Nifty stock indices hitting record highs last July 19. The former hit an all-time high of 67,117.05, up 22% from its 52-week low, while the latter increased 21% from its own 52-week low. Foreign investors, still sceptical about the ability...
A perfect storm
Local and foreign investors are optimistic and continue to invest funds into India’s rapidly growing stock market, with both the Sensex and Nifty stock indices hitting record highs last July 19. The former hit an all-time high of 67,117.05, up 22% from its 52-week low, while the latter increased 21% from its own 52-week low. Foreign investors, still sceptical about the ability...
- 10/17/2023
- by Pooja Tiwari
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