DPI, BANKRUPTCY LAW, TAX CODE BOOST INDIA INVESTMENT DESTINATION: WEF OFFICIAL

The WEF-Cambridge report shows that fintech firms are positive about their regulatory environment, which supports their operations and growth.

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Acombinat ion of policy changes such as bankruptcy law and taxation code and the enabling environment created by the digital public infrastructure has made India an attractive investment destination for the financial technology sector, a senior World Economic Forum (WEF) official said.

In a video interview with the media, Matthew Blake, Head of the Centre for Financial and Monetary Systems at the WEF said India has been one of the best-performing markets in the world and investors have made money here.

Blake also struck a word of caution saying that since markets do not move in a purely linear fashion and were prone to ‘’ups and downs’’, there was a need to educate investors.

‘’So this idea of being an informed investor, a diversified investor, and having access to educational resources to do that is really fundamental artificial intelligence (AI),’’ he said.