BFSI market cap soared over 50x in two decades, powered by digitalization and fintech

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Over the past two decades, the market capitalisation of India's BFSI space has grown more than 50-times to Rs 91 lakh crore in 2025 from Rs 1.8 lakh crore in 2005, at a CAGR of ~22%, a note by Motilal Oswal said..