Article

Building inclusive growth in India’s financial landscape

Emerging trends in banking, insurance and asset management

With a robust ecosystem, the domestic financialsystem recorded strong growth in FY24. The demand for faster turnaround times, immediate disbursement, better customer experience and custom products are driving end-to-end digitisation, creating pathways for collaboration with innovative fintech companies. This union fosters growth in digital inclusion, unified citizen experience, enhanced service delivery, digital transformation, data-driven decision-making, crisis response and resilience.

Firms should invest in financial education, create innovative product designs, collaborate with digital distribution channels, build infrastructure for B30 distribution, focus on retail investors, digitise their value chain, embed regulatory technology solutionsand create environmentally positive products. With an ambitious target to cross INR 100 trillion in AUM, the asset management sector will play a pivotal rolein achieving India’s vision of Amrit Kaal.
Did you find this useful?