CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
By which year the Indian Fintech Sector is expected to reach a valuation of USD 150-160 Billion as per the Indian FinTech:A USD 100 Bn Opportunity?
A
2022
B
2035
C
2030
D
2025
Explanation: 

Detailed explanation-1: -Indian fintech market is expected to reach USD 150 billion in valuation by 2025, ” the minister said.

Detailed explanation-2: -The Indian fintech market size is estimated to touch $150 billion by the year 2025 according to the Chief Executive Officer and Co-Founder of PaySprint S Anand.

Detailed explanation-3: -India has the highest FinTech adoption rate globally Indian FinTech industry’s market size is $50 Bn in 2021 and is estimated at  $150 Bn by 2025.

Detailed explanation-4: -The promising Indian FinTech market is expected to reach $1 trillion in AUM and $200 billion in revenue by 2030. Indian FinTech ecosystem has emerged as a formidable global force and continues to grow as one of the largest FinTech markets globally.

Detailed explanation-5: -The Fintech industry has seen tremendous growth in India over the last decade since it caught pace after the expansion of internet services in the country. With a fintech adoption rate of 87% against the global average of 64%, India is one of the fastest growing fintech markets in the world.

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