India's fintech market is set to take-off

In India, a total of2.23 million companies were registered as of September 2021. In India there are 95% micro companies (with investment less than ₹2.50 million) leaving only 5% (or ~0.11 million) of small, medium and large enterprises. The annual growth in registration of new companies is rising at a rapid pace, primarily due to the shifting focus of economic activity from a limited number of firms to numerous new entrants.