Created By:Mukul Prasad | Created Date :19 December, 2020
India WealthTech Market Could Cross $ 63 billion by 2025 Offering Huge Jobs Opportunities
India Digital Investing Platform, also called WealthTech, has sped up due to pandemic financial uncertainties. The market is estimated to reach USD 63 billion by 2025 from USD 20 billion in 2020, almost three times jump, as reported by RedSeer Consulting.
The untapped WealthTech market is huge with not more than 2 per cent of investors in India investing in stocks at present, compared to developed economies like the US, where 55 per cent Americans invest in stocks, the report claimed. Gradually the Indian equity markets, MF (mutual funds) Folios and Demat accounts have grown due to higher disposable income and digital awareness among-st youngsters.
Around 70 per cent of the customers using these wealthtech platforms comes from millennial. They are attracted to these platforms as it provide hassle-free customer journey and higher customer satisfaction.
The Indian stock indices such as BSE Sensex and Nifty have been resilient even during Covid induced economic disruptions. It has bounced back to pre-COVID levels by October 2020 and continues to go up.
WealthTech is latest contribution of fintech market with an immense potential.
WEALTHTECH CAREERS & JOBS
TOP INDIA WEALTHTECH
R S Wealth Management
Capatus Wealth Management