Behind The Explosive Rise A Comparative Analysis Of Indian Fintech With USA, UK And China

• India being the 3rd largest fintech ecosystem globally, is amongst the fastest growing fintech markets in the world.
• The fintech revolution is well underway in India, it being the world’s fastest growing fintech industry by volume, in comparison with countries like the USA and China.
• The fintech sector in India has witnessed funding accounting to 14% share of global funding. India ranks #2 on deal volume. The Fintech Market Opportunity is estimated to be $2.1 trillion by 2030.
• Owing to factors like government support and funding, explosive growth of startups and a high digital growth rate, the Indian fintech market has grown faster than any other country in the last 5 years.
• The American fintech market ranks highest in the world by value produced, with a valuation of around $2.1 trillion by stateside companies.
• The Chinese and UK fintech industries, on the other hand, are valued at $3.89 billion and $9.87 billion respectively.
• However, if we take a look at the growth trajectory of the Indian fintech industry, it has grown exponentially over a matter of just a few years and is projected to reach a valuation of ~$350 billion by 2027.
• Observing the fintech industries of China, USA and UK in comparison with the Indian market, it is clear that the Indian fintech space has seen a phenomenal growth rate till now, and is set to only grow further in the future. Projections suggest India's fintech industry could hit $20-50 billion by 2025, overtaking China as Asia's top market and becoming the world's second-largest after the US.

Blog By: Soham Channa, Assisted By: Megh Jadhav