Financial services investment into India has soared over the past five years, with foreign investors particularly attracted to fintech opportunities in the country despite a slowdown in projects in 2020 because of the Covid-19 pandemic.
The number of financial services foreign direct investment (FDI) projects reached 36 last year (January to November data) from 14 projects five years earlier, according to Financial Times-owned data monitor fDi Markets. The top destination city was the country’s technology capital Bangalore, displacing Mumbai as the destination of choice.
