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India's Fintech Sector Secures $1.9B
The Business Guardian
|January 14, 2025
The Indian government's initiatives, such as the repeal of the 'angel tax' in July 2024, have been instrumental in fostering a conducive environment for fintech growth. This policy change aims to stimulate innovation and attract more investment into the country's burgeoning startup ecosystem.
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India's fintech sector has solidified its position as a global leader, securing $1.9 billion in funding in 2024.
Despite a 33% decline from the previous year's $2.8 billion, the country remains the third-largest recipient of fintech investments worldwide, following the United States and the United Kingdom.
The 33% decrease in 2024 funding reflects a broader slowdown in global fintech investments, influenced by factors such as economic uncertainties and geopolitical tensions.
यह कहानी The Business Guardian के January 14, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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