Given the widespread embrace of the internet among rural communities and the surge in their employment and economic engagement, this presents an opportune market for expanding financial services.
Shifting assembly and procurement to India could lead to potential cost savings ranging from 25% to 40%, says Boston Consulting Group.
The industry is in a nascent stage and the renewed focus on health and immunity makes it primed for investment, says an Invest India report.
According to reports from Facebook India-BCG on mobile phones, FMCG, and apparel, more and more consumers are being driven by online resources during the pandemic.
Boston Consulting Group projects India’s personal financial wealth to grow to $5 trillion by 2022.
