ISSN2320-2882
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Paper Title
The Rise of Robo-Advisors in India: Opportunities and Challenges in a Growing Digital Economy
Authors
Dr. Shashikant Verma
Keywords
Robo-Advisors, Fintech, Digital Economy, Financial Advisory, Investment Management, Financial Inclusion, Artificial Intelligence
Abstract
The rise of robo-advisors in India represents a significant shift in the financial advisory landscape, driven by increasing internet penetration, advancements in digital infrastructure, and the growing adoption of fintech solutions. This research paper adopts a descriptive and qualitative approach, relying entirely on secondary sources such as academic journals, industry reports, government and regulatory documents, and global databases. The study systematically reviews and analyzes existing literature to explore the growth potential, challenges, and regulatory implications of robo-advisors in India's evolving digital economy. The analysis is structured around three main themes. First, it examines the growth potential of robo-advisors, emphasizing factors such as a young, tech-savvy population, digital financial inclusion, and cost-effective investment solutions. Second, it identifies key challenges impeding adoption, including low financial literacy, cultural preferences for human financial advisors, regulatory uncertainties, and concerns over trust and cyber security. Third, it evaluates the regulatory and ethical implications, particularly focusing on data privacy, algorithmic bias, and compliance frameworks. Comparative insights from global markets provide a broader context for understanding India's unique challenges and opportunities. The findings suggest that while robo-advisors have immense potential to enhance financial accessibility and investment management in India, overcoming barriers related to financial literacy, trust, and regulatory clarity is crucial for widespread adoption. The study acknowledges limitations such as reliance on secondary data and the unique characteristics of the Indian market, which may affect generalization ability. Nonetheless, it offers actionable insights for fintech firms, regulators, and policymakers, highlighting the need for a balanced approach that integrates technology-driven automation with human expertise to foster trust and financial inclusion in India's digital economy.
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IJCRT — journal style
"The Rise of Robo-Advisors in India: Opportunities and Challenges in a Growing Digital Economy", IJCRT - International Journal of Creative Research Thoughts (www.ijcrt.org), ISSN:2320-2882, Vol.13, Issue 8, page no.h187-h197, August 2025, Available :https://ijcrt.org/papers/IJCRT2508838.pdf
APA — 7th edition
Verma, S. (2025). The Rise of Robo-Advisors in India: Opportunities and Challenges in a Growing Digital Economy. International Journal of Creative Research Thoughts, 13(8), h187-h197. https://ijcrt.org/viewpaperforall.php?paper=IJCRT2508838
MLA — 9th edition
Verma, Shashikant. "The Rise of Robo-Advisors in India: Opportunities and Challenges in a Growing Digital Economy." International Journal of Creative Research Thoughts, vol. 13, no. 8, 2025, pp. h187-h197, https://ijcrt.org/viewpaperforall.php?paper=IJCRT2508838.
Chicago — 17th, bibliography
Verma, Shashikant. "The Rise of Robo-Advisors in India: Opportunities and Challenges in a Growing Digital Economy." International Journal of Creative Research Thoughts 13, no. 8 (2025): h187-h197. https://ijcrt.org/viewpaperforall.php?paper=IJCRT2508838.
Harvard — author–date
Verma, S. (2025) 'The Rise of Robo-Advisors in India: Opportunities and Challenges in a Growing Digital Economy', International Journal of Creative Research Thoughts, 13(8), pp. h187-h197. Available at: https://ijcrt.org/viewpaperforall.php?paper=IJCRT2508838
IEEE — numbered reference
S. Verma, "The Rise of Robo-Advisors in India: Opportunities and Challenges in a Growing Digital Economy," IJCRT, vol. 13, no. 8, pp. h187-h197, Sep. 2025.
Vancouver — biomedical
Verma S. The Rise of Robo-Advisors in India: Opportunities and Challenges in a Growing Digital Economy. IJCRT. 2025 Sep;13(8):h187-h197.
AMA — 11th edition
Verma S. The Rise of Robo-Advisors in India: Opportunities and Challenges in a Growing Digital Economy. IJCRT. 2025;13(8):h187-h197. Accessed at https://ijcrt.org/viewpaperforall.php?paper=IJCRT2508838
BibTeX — Zotero, Mendeley, LaTeX
@article{IJCRT2508838,
author = {Shashikant Verma},
title = {The Rise of Robo-Advisors in India: Opportunities and Challenges in a Growing Digital Economy},
journal = {International Journal of Creative Research Thoughts},
volume = {13},
number = {8},
pages = {h187-h197},
year = {2025},
month = {September},
issn = {2320-2882},
url = {https://ijcrt.org/viewpaperforall.php?paper=IJCRT2508838}
}
RIS — EndNote, RefWorks
TY - JOUR
AU - Verma, Shashikant
TI - The Rise of Robo-Advisors in India: Opportunities and Challenges in a Growing Digital Economy
T2 - International Journal of Creative Research Thoughts
JA - IJCRT
VL - 13
IS - 8
PY - 2025
SN - 2320-2882
UR - https://ijcrt.org/viewpaperforall.php?paper=IJCRT2508838
SP - h187-h197
ER -
Issue
Volume 13 Issue 8,
September-2025
Pages : h187-h197
Article Information
- Published In
- International Journal of Creative Research Thoughts — Volume 13, Issue 8, September 2025
- Pages
- h187-h197
- Published
- September 2025
- Registration ID
- IJCRT_293203
- Published Paper ID
- IJCRT2508838
- Research Area
- Science and Technology
- Author Type
- Indian Author
- Location
- Varanasi, Uttar Pradesh, India
- Peer Review
- Request Peer Review Report
- Licence
- CC BY 4.0 · Open Access
- ISSN & Impact Factor
- 2320-2882 · IF 9.17
- Downloads
- 235
- Permanent Link
- https://ijcrt.org/viewpaperforall.php?paper=IJCRT2508838
- Published Paper PDF
- https://ijcrt.org/papers/IJCRT2508838.pdf
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