But building a solid product and gaining traction is just half the battle. The big challenge: getting scale and capital. From adopting unique business models to routing investments through Singapore, Chinese lenders are trying every trick in the book to win the Indian fintech-lending space.
But getting money to India, deploying it, and dealing with stringent KYC norms is easier said than done. Muted consumption, investments, and savings; a measly tax mop-up, a sagging manufacturing sector, and risk-averse lenders have brought the economy to its lowest point in years.
A story in six charts explains what went wrong and what could be done to reverse the situation.
Sentinel Vol 1 4
What can the Japanese giant do to turn things around? Make a go of its new SUV, Kicks, to begin with.
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