Market Size of India Trade Finance Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 8.15 % |
| Market Concentration | Medium |
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*Disclaimer: Major Players sorted in no particular order |
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India Trade Finance Market Analysis
India Trade Finance Market is estimated to be at USD 2 billion in the current year and witnessing a growth rate of 8.15% during the forecast period.
Various financial products used by organizations to handle global trade and commerce are referred to as "trade finance," sometimes known as "export finance." Banks, trade finance firms, export credit organizations, importers, and exporters frequently use it. Trade finance in various forms may prove to be one of the most important modes of sufficient funding for Indian business houses. Unlike loan facilities, the rate of default in trade finance is very low as it is purely dependent on the business strength and past record of the debtor, and the need of the hour is to have a level playing field for all the onshore and global financiers.
With the impact of the COVID-19 pandemic breakout, more and more trade and commerce operations were managed remotely using a variety of electronic devices, including optical character recognition (OCR), QR codes, and RFID readers. Over the past century, trade finance has played a significant role in the growth of global trade, and now, bank-mediated transactions account for more than a third of global trade, or trillions of dollars annually. The Indian trade finance market is increasingly applying technologies such as blockchain, artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) that will boost the trade finance market in the country.
