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Searched Tag: fintech industry
Govt pushes fintech growth, scraps angel tax

Govt pushes fintech growth, scraps angel tax

August 30, 2024, 02:53 PM - 3 min read

Prime Minister Narendra Modi on Friday said the government is taking various measures at the policy level to promote the fintech sector, which attracted over USD 31 billion investments in the last 10 years, and the abolition of the Angel Tax is also a step towards the growth of the segment

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The Indian fintech industry, currently valued at approximately USD 110 billion, is projected to surge to around USD 420 billion by 2029, according to Ajay Kumar Choudhary, Non-Executive Chairman and Independent Director of the National Payments Corporation of India (NPCI).

NPCI: Fintech in India to reach USD 420 billion by 2029

July 18, 2024, 03:56 PM - 2 min read

"The government's push towards a digital economy, coupled with a young and tech-savvy population, is likely to propel the fintech sector to new heights," Choudhary said. He pointed out that these factors are instrumental in fostering an environment conducive to innovation and growth within the fintech ecosystem.

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