India’s Leading BFSI Companies 2020
LXII Source: MOSPI, D&B Analysis Riding on the fintech wave can deliver an incremental GDP, over the next 20 years, equivalent to the GDP we have created since independence BENEFITS OF A CASHLESS ECONOMY 0 200 400 600 800 1000 1200 1400 1600 1800 FY51 FY60 FY70 FY80 FY90 FY91 FY92 FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 FY36 FY37 FY38 FY39 FY40 GDP (Cash) GDP (cards) GDP (fintech) GDP ₹ tn GDP growth in a card economy – Current State GDP growth in the Fintech era GDP growth in a cash economy – what it used to be till 2004 Factors driving growth in a Fintech era Access to financial products for all Business transformation, productivity gains and broadening participation Shared economy New channels of market access and extended coverage Higher multiplier effect on jobs GDP growth in the Fintech era vs GDP growth in a cash based economy SUMMARY Dun & Bradstreet
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