New Delhi, June 19 -- India's fintech market is flourishing and projected to become $400 billion in the next three years, Union finance minister Nirmala Sitharaman said on Wednesday and urged the industry to continue "fearlessly" innovating people-centric new solutions to maintain the country's leadership position in this area. India accounts for almost half of all real time digital transactions in the world, she said at the Digital Payments Awards 2025 ceremony organised by the department of financial services, an arm of the finance ministry. According to industry estimates, the country's fintech market is estimated at around $110 billion with an adoption rate of 87%, significantly higher than the global average of 67%. "The fintech revolution in India will further flourish. Our fintech market is projected to grow to over $400 billion by 2028-29, reflecting an anticipated annual growth of over 30%. The scale of opportunity is immense. I firmly believe its best chapters are yet to be written. Together, let us innovate, include, and inspire. Innovate new solutions fearlessly, include every citizen in your vision, and inspire the world with what India can achieve," the FM said. The speed at which innovation is happening in India is a dream for many other countries, she said. "Several advanced countries are nowhere close to the kind of momentum our fintech companies have achieved, not just in terms of progress, but also in creating entirely new paradigms. This is something which is very unique of the Indian fintech sector," she said. FM said the scale of adoption in India is phenomenal and is globally acclaimed. Citing PM Narendra Modi's call for "Make in India, Make for the world", she said: "In this context, Indian fintech innovations have the potential to become global public goods that can benefit other emerging and developed economies."...