Union Finance Minister, Nirmala Sitharaman, in Budget 2021 announced setting up a high-class fintech hub in Gujarat International Finance Tec (GIFT) city. Considering India has been a growing market for the fintech industry with CAGR of 22.7% during the 2020-2025 period. It is also expected to reach more than ₹6 billion by 2025; this move…

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