Financial Analytics Industry in India Grows to $1.2 Billion With Mumbai Being The Hub For Growth & Innovation

/ -- With banks and financial institutions setting up dedicated analytics units and CoEs, Indian financial ecosystem is on a marked growth trajectory, with the size of the financial analytics industry estimated to be $1.2 billion (annual) in revenue, a new study by Analytics India Magazine and Jigsaw Academy indicates. The study conducted over a period of six months found that 7,000 freshers were added to the financial analytics workforce in India in 2018 and the currently, 60,000 analytics practitioners are working in the financial ecosystem.

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Here are some of the key highlights:
Currently, 60,000 data science and financial analytics professionals in India, work in the finance sector
According to our estimate, there are close to 36,000 positions related to financial analytics currently available to be filled in India Mumbai continues to be the financial hub with 33% analytics professionals working in the financial capital followed by Bangalore with 24% analytics professionals in the finance sector
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