Product Code: ETC7543365 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India Financial Advisory Services market is experiencing significant growth driven by increasing demand for specialized financial expertise among businesses and individuals. With a large and diverse economy, there is a growing need for professional financial advice on investment strategies, risk management, taxation, and wealth management. The market is characterized by a wide range of players including multinational firms, domestic companies, and individual consultants offering services tailored to various client needs. Regulatory changes, technological advancements, and evolving customer preferences are shaping the market dynamics, leading to increased competition and innovation among service providers. The market is expected to continue expanding as the Indian economy grows, creating opportunities for advisors to cater to the evolving financial needs of clients across industries and segments.
The financial advisory services market in India is experiencing significant growth driven by increasing awareness of financial planning and investment opportunities among individuals and businesses. A key trend in the market is the rising demand for personalized and holistic financial advice, especially among the millennial population. Digitalization and technology adoption are also shaping the sector, with the emergence of online advisory platforms and robo-advisors gaining traction. Additionally, regulatory reforms and the growing complexity of financial products are creating opportunities for advisory firms to provide specialized services such as tax planning, estate planning, and risk management. With a large and diverse population seeking professional financial guidance, there is a promising opportunity for advisory firms to expand their offerings and reach a wider client base in India`s dynamic financial services landscape.
In the India Financial Advisory Services Market, several challenges are prevalent. One major challenge is the lack of financial literacy and awareness among the general population, leading to a limited understanding of the importance and benefits of financial advisory services. Additionally, regulatory complexities and changing government policies create uncertainty and compliance challenges for financial advisors operating in the market. Competition from both traditional financial institutions and emerging fintech companies further intensifies the market landscape, requiring financial advisory firms to differentiate themselves and provide innovative solutions to attract and retain clients. Economic volatility and market fluctuations also pose challenges in providing accurate and timely financial advice to clients. Overall, navigating these challenges requires a strategic approach and continuous adaptation to the evolving market dynamics in the India Financial Advisory Services Market.
The India Financial Advisory Services Market is primarily driven by factors such as the increasing complexity of financial products, the growing demand for customized financial solutions, and the rising awareness among individuals and businesses about the benefits of professional financial advice. Additionally, the expanding middle-class population, rapid urbanization, and the digital transformation in the financial sector are also key drivers propelling the growth of financial advisory services in India. Furthermore, regulatory changes and the emphasis on financial literacy and planning are encouraging more people to seek expert advice for managing their finances effectively. Overall, these drivers are creating a conducive environment for the growth of the financial advisory services market in India.
The Indian government has implemented various policies to regulate the financial advisory services market, aiming to protect investors and promote transparency. The Securities and Exchange Board of India (SEBI) has established stringent regulations for financial advisors, including mandatory registration, compliance with code of conduct, and disclosure requirements. Additionally, the government has introduced initiatives such as the Financial Advisers Regulations Act and the Financial Advisers Act to ensure the quality and professionalism of advisory services. These policies aim to enhance investor confidence, prevent mis-selling practices, and promote the growth of the financial advisory services market in India.
The future outlook for the India Financial Advisory Services Market appears promising, driven by several factors such as increasing financial literacy, growing disposable incomes, and a shifting preference towards professional financial guidance. The market is expected to witness steady growth as individuals and businesses seek expert advice in navigating complex financial landscapes, managing investments, and planning for the future. Additionally, advancements in technology are likely to play a key role in expanding the reach of financial advisory services to a wider audience, including rural and underserved areas. With a burgeoning middle-class population and a growing awareness of the importance of financial planning, the India Financial Advisory Services Market is poised for continued expansion and development in the coming years.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Financial Advisory Services Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Financial Advisory Services Market Revenues & Volume, 2021 & 2031F |
3.3 India Financial Advisory Services Market - Industry Life Cycle |
3.4 India Financial Advisory Services Market - Porter's Five Forces |
3.5 India Financial Advisory Services Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Financial Advisory Services Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.7 India Financial Advisory Services Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
4 India Financial Advisory Services Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and demand for financial planning and wealth management services |
4.2.2 Growth of the middle-class population seeking investment advice and financial guidance |
4.2.3 Technological advancements leading to the development of digital financial advisory platforms |
4.3 Market Restraints |
4.3.1 Regulatory challenges and compliance requirements impacting the operations of financial advisory firms |
4.3.2 Economic volatility and market uncertainties affecting investment decisions |
4.3.3 Competition from traditional financial institutions and emerging fintech companies in the advisory space |
5 India Financial Advisory Services Market Trends |
6 India Financial Advisory Services Market, By Types |
6.1 India Financial Advisory Services Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Financial Advisory Services Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 India Financial Advisory Services Market Revenues & Volume, By Corporate Finance, 2021- 2031F |
6.1.4 India Financial Advisory Services Market Revenues & Volume, By Accounting Advisory, 2021- 2031F |
6.1.5 India Financial Advisory Services Market Revenues & Volume, By Tax Advisory, 2021- 2031F |
6.1.6 India Financial Advisory Services Market Revenues & Volume, By Transaction Services, 2021- 2031F |
6.1.7 India Financial Advisory Services Market Revenues & Volume, By Risk Management, 2021- 2031F |
6.1.8 India Financial Advisory Services Market Revenues & Volume, By Others, 2021- 2031F |
6.2 India Financial Advisory Services Market, By Organization Size |
6.2.1 Overview and Analysis |
6.2.2 India Financial Advisory Services Market Revenues & Volume, By Large Enterprises, 2021- 2031F |
6.2.3 India Financial Advisory Services Market Revenues & Volume, By Small And Medium-Sized Enterprises, 2021- 2031F |
6.3 India Financial Advisory Services Market, By Industry Vertical |
6.3.1 Overview and Analysis |
6.3.2 India Financial Advisory Services Market Revenues & Volume, By Bfsi, 2021- 2031F |
6.3.3 India Financial Advisory Services Market Revenues & Volume, By It And Telecom, 2021- 2031F |
6.3.4 India Financial Advisory Services Market Revenues & Volume, By Manufacturing, 2021- 2031F |
6.3.5 India Financial Advisory Services Market Revenues & Volume, By Retail And E-Commerce, 2021- 2031F |
6.3.6 India Financial Advisory Services Market Revenues & Volume, By Public Sector, 2021- 2031F |
6.3.7 India Financial Advisory Services Market Revenues & Volume, By Healthcare, 2021- 2031F |
7 India Financial Advisory Services Market Import-Export Trade Statistics |
7.1 India Financial Advisory Services Market Export to Major Countries |
7.2 India Financial Advisory Services Market Imports from Major Countries |
8 India Financial Advisory Services Market Key Performance Indicators |
8.1 Average assets under management (AUM) per client |
8.2 Client retention rate |
8.3 Number of new client acquisitions |
8.4 Average revenue per client |
8.5 Percentage of client portfolio growth over time |
9 India Financial Advisory Services Market - Opportunity Assessment |
9.1 India Financial Advisory Services Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Financial Advisory Services Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
9.3 India Financial Advisory Services Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
10 India Financial Advisory Services Market - Competitive Landscape |
10.1 India Financial Advisory Services Market Revenue Share, By Companies, 2024 |
10.2 India Financial Advisory Services Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |