Business Standard

Indian fintech's success an example of popular support for reforms: Modi

India got record amount of foreign investments last year during the coronavirus pandemic, says Prime Minister in Hyderabad.


PM Modi and Tamil Nadu CM MK Stalin greet each other during a foundation stone laying cereomny in Chennai on Thursday. Photo: PTI

Shine Jacob Chennai
Indian financial technology (fintech) comprises 40 per cent of the world’s digital transactions, said Prime Minister Narendra Modi on Thursday as he cited the industry as an example of people supporting economic reforms done honestly and with willpower.

Addressing a meeting by the Indian School of Business in Hyderabad, he said even during global supply disruptions due to Covid-19 and the war in Ukraine, India became the biggest growth centre in the world by getting record foreign direct investment (FDI).

Later in the day, he dedicated to the nation by laying the foundation stone of 11 projects worth over Rs 31,530 crore

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First Published: May 26 2022 | 4:40 PM IST

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