Digital lending to become a $1.3 Tn market by 2030 in India
Image Credit: inc42
Digital lending in India is expected to become a $1.3 Tn market opportunity by 2030. The digital lending market size is set to grow from $270 Bn in 2022 at a CAGR of 22% between 2022 and 2030, as per Inc42’s latest report ‘State Of Indian Fintech Ecosystem Q3 2022. InFocus: Neobanks’. In essence, the total digital lending market is set to increase by almost 5X, driven by many favourable socioeconomic factors throughout the decade.