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ā¢ A report by Elevation Capital and McKinsey India suggests that the affluent segment in India will grow to around 30 million by FY30, doubling the revenue pool in this space to $80-100 billion.
ā¢ Serving the mass market through formal credit will open up revenue pools of $25-30 billion by 2030, while wealth offerings will open up another $30-40 billion revenue opportunity.
ā¢ Challenges remain in terms of explaining the right products to the right set of customers, creating price-sensitive products, and building trust.