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Fintech has us all buzzing with excitement: FM Nirmala Sitharaman.

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TLDR:

  • Finance Minister Nirmala Sitharaman expressed enthusiasm for the fintech sector and acknowledged India’s contributions to the global fintech industry.
  • Sitharaman highlighted the role of India’s youth in building capacities and expressed a desire to work with and encourage the fintech sector.
  • She also mentioned that the Reserve Bank of India (RBI) makes its own decisions and expressed hope for steady growth in the sector.

In an exclusive conversation with Network18’s managing director and editor in chief Rahul Joshi, Finance Minister Nirmala Sitharaman showed her support and enthusiasm for the fintech sector. She acknowledged India’s significant contributions to the global fintech industry, stating that India is now a destination for fintech solutions.

Sitharaman also praised the contributions of India’s youth, emphasizing their role in building capacities and driving innovation in the fintech sector. She expressed a desire to work with and encourage the sector, indicating a positive outlook for its future development.

The Minister also addressed the role of the Reserve Bank of India (RBI) in the fintech sector. While the RBI makes its own decisions, Sitharaman expressed hope that the central bank would collaborate with stakeholders in the sector. She also expressed her expectation for steady growth in the fintech industry, highlighting the RBI’s role in maintaining a stable environment for its development.

This conversation with FM Nirmala Sitharaman highlights the government’s recognition of the fintech sector’s importance and its commitment to supporting its growth. With India already making substantial contributions to the global fintech industry, the government’s focus on encouraging and working with the sector is likely to lead to further advancements and innovations in the future.

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