India will require 20X growth in financial services sector with banking playing critical role to achieve an ambitious $30 trillion GDP by 2047

FICCI and IBA in association with BCG released a report titled Banking for a Viksit Bharat at FIBAC 2024. As per the report, India's ambition to achieve a $30 trillion GDP by 2047 will require a 20 times growth in the financial services sector, with