New financial services products and services are developing rapidly in India's diversified financial service sector. The domestic market reinforced by the strong growth of financial services firms with an increased pace of shareholding in banks, insurance companies, mutual funds, pension funds, etc. The mutual fund industry and insurance industry essential parts of the Indian financial sector. India's Financial Services Industry has seen significant achievements in transactions in recent times in UPI, DHFL, PPI, etc. For more info, visit the India Brand Equity Foundation website. https://www.ibef.org/industry/financial-services-india