India Fintech Report 2021
What is the impact of the COVID-19 pandemic on India's economy? As the world's second-most populous country, is there any new opportunities can be born from the pandemic challenges for India to find out?
ADVANCE.AI has been deeply engaged in the Indian market for years and has released the India Financial Report by taking advantage of its exclusive resources and inviting experts to interpret the data authoritatively. It is the second financial Report after the Indonesia Fintech Report (Q2), which had earlier released by ADVANCE.AI.
The India Fintech Report (hereinafter referred to as "the Report") is divided into five major chapters. In summary, the Report first reviews the major events in India during the COVID-19 pandemic; cites authoritative data to forecast the future development of India's economy and provides an overview of lending business that Chinese investors conducted in the Indian market.
In Chapter 1, the Report provides a detailed presentation and analysis of the COVID-19 pandemic, economic indicators and macroeconomic policies in India. Affected by the COVID-19 pandemic, the country has imposed a nationwide lockdown since March 2020, which led to the dropping economic indicators, climbing unemployment and sweeping panic among the poor population, resulting in its pandemic severity ranking second in the world. However, the blockade was lifted in stages since June, after analysing the GDP data already available, the Report analyses the unemployment rate, the industrial outlook, the Real Private Final Consumption Expenditure (PFCE) and the Consumer Sentiment Index (CSI). The Report also interprets Indian economic stimulus plans during the COVID-19 pandemic, including the economic stimulus package, the relief program for the poor, the Emergency Credit Line Guarantee Scheme (ECLGS) and other government policies.
In Chapter 2, the Report discloses the financial status of Indian financial inclusion scheme, the number of bank cards in India and the digital information system, etc. It also showcases specific case studies on India's online lending market and its regulation, which is a common concern. In particular, the market and regulation of the P2P lending industry are illustrated with case studies.
In Chapter 3, based on sufficient data and argumentation, the Report highlights six key concerns for the future of India's fintech lending industry, and also interprets and predicts the key events such as the industry dividends, the growth of local MSMEs, and "India's ban on Chinese Apps".
In the last chapter, the Report introduces four products that ADVANCE.AI has launched in the Indian market, which drives Indian fintech companies and enterprises into more efficient and smarter future.
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