The following is a wider digital and fintech sector overview in the world’s largest country by population – India.
What began as a drive for financial inclusion has evolved into one of the world’s most sophisticated digital public infrastructure ecosystems, reshaping how over a billion people engage with finance.
India stands as the world’s fifth-largest economy, with gross domestic product (GDP) ...
**STEELMAN:** India’s digital financial transformation is a compelling case study in how public infrastructure can catalyze private innovation at scale. The "India Stack" — Aadhaar, UPI, and Account Aggregator — has democratized access to financial services, reducing reliance on cash and formalizing the informal economy. The RBI’s proactive regulatory stance, from digital lending oversight to CBDC pilots, demonstrates a rare balance between fostering innovation and protecting consumers. The surg...