- The report unveiled on Saturday particulars the findings from the research that Boston Consulting Group (BCG) and FICCI undertook to measurement the value-creation potential and determine imperatives for India’s FinTech development.
PUBLISHED ON MAR 13, 2021 06:31 PM IST
India’s monetary expertise firms are poised to develop into 3 times as beneficial within the subsequent 5 years, reaching a valuation of USD 150-160 billion by 2025, based on a report.
The report unveiled on Saturday particulars the findings from the research that Boston Consulting Group (BCG) and FICCI undertook to measurement the value-creation potential and determine imperatives for India’s FinTech development.
“India is strongly poised to grasp a FinTech sector valuation of USD 150-160 billion by 2025, translating to an incremental value-creation potential of roughly USD 100 billion. It’s estimated that to fulfill this ambition, India’s FinTech sector will want investments of USD 20-25 billion over the subsequent 5 years,” says the report.
India’s dynamic FinTech business has over 2,100 FinTechs of which 67 per cent have been arrange over the past 5 years alone. The full valuation of the business is estimated at USD 50-60 billion.
The business’s development has been undeterred by the pandemic, because it has seen the emergence of three new Unicorns and 5 new Soonicorns (USD 500 mn valuation) since January 2020.
Prateek Roongta, Managing Director and Associate, Boston Consulting Group India mentioned, “We imagine India’s FinTechs are on the precipice of serious value-creation of USD 100 billion over the subsequent 5 years. To actualise this potential, the business would require investments to the tune of USD 20-25 billion until 2025. Consequently, the variety of Indian FinTech Unicorns will greater than double over the subsequent few years.”
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