Present Scenario of Indian Financial Services 🇮🇳

India is one of the fastest-growing financial markets in the world.

1. Banking Sector 🏦

• Consolidation: PSBs merged (27 → 12) to create global giants (SBI).
• Clean Up: NPAs are declining due to IBC and recovery efforts.
• Digital: UPI is a global success story (10 Billion+ transactions/month).

2. Insurance Sector 🛡️

• Under-penetrated: Insurance penetration is still low (~4%), offering huge growth potential.
• FDI Limit: Increased to 74%, attracting foreign capital.
• InsurTech: Digital insurance (Acko, GoDigit) making buying easy.

3. Mutual Funds 📈

• AUM (Assets Under Management): Crossed ₹50 Lakh Crore!
• SIP Culture: "Mutual Fund Sahi Hai" campaign has brought millions of retail investors.

4. Stock Market 🐂

• India's Market Cap: 4th largest in the world (overtaking Hong Kong).
• Retail Participation: Record number of Demat accounts opened post-COVID.

5. Fintech Boom 🚀

• India has the 3rd largest Fintech ecosystem in the world.
• Unicorns: Paytm, PhonePe, Razorpay, Zerodha, CRED.
• Innovation: Leading the world in digital payments.

6. Financial Inclusion 🤝

• Jan Dhan Yojana: 50 Crore+ bank accounts opened for the poor.
• DBT (Direct Benefit Transfer): Subsidy directly to bank accounts (No leakage).

Future Outlook 🔮

• $5 Trillion Economy: Financial sector will play a key role.
• Green Finance: Focus on funding sustainable/eco-friendly projects.
• CBDC: Digital Rupee implementation.

Quiz Time! 🎯

💡 Final Wisdom: "India is shining. The financial sector is the engine. Hop on the train to prosperity!" 🚂🇮🇳

🎉 UNIT IV COMPLETE! You have mastered the Financial Services Landscape. From Leasing to Fintech to Indian Scenario!

Next Unit: Unit V: Financial Services (Detailed) - Merchant Banking, Venture Capital, Leasing in depth! 🏗️