28.7.1. Growth Factors

Try these first

1. 1.

   What does 'unbanked' refer to?

   Hint

   Think about basic banking services.

2. 2.

   Name one government initiative supporting FinTech.

   Hint

   Consider programs aimed at financial inclusion.

3. 3.

   What is a major growth factor for FinTech in India?

   • A large unbanked population
   • High inflation rates
   • Limited technology access

   Hint

   Think about who might need financial services the most.

4. 4.

   True or False: The Digital India initiative aims only at increasing banking facilities.

   • True
   • False

   Hint

   Consider the broad scope of this initiative.

5. 5.

   Evaluate how the combination of the large unbanked population and government initiatives transforms FinTech in India. Present your argument with real-world examples.

   Hint

   Use examples of successful FinTech startups.

6. 6.

   Determine the potential risks if the strong IT workforce in India were not available. Discuss the potential impact on FinTech growth.

   Hint

   Consider the link between skill availability and technological advancements.