The FinTech Effect: Boosting India's Digital Economy Into the Fast Lane
Chinese Academy of SciencesA new review uncovers the hidden forces that have been reshaping India’s economic landscape over the past decade. Financial technology, or FinTech, has emerged as a silent yet powerful game-changer for the country’s burgeoning digital economy. Analyzing comprehensive data from 2010 to 2022 across 28 states, researchers have revealed FinTech’s transformative impact, not just in fostering technological innovation but also in redefining financial governance. This eye-opening research sheds light on how FinTech is catapulting India's economic ambitions into a digital future while emphasizing the importance of regulatory mechanisms that fuel this acceleration.