Vishal Mahadevia, MD & Head-India of Warburg Pincus, said retail financial services -- be it insurance products, mutual funds, or loans to segments of society and the underserved parts of the country -- will continue to grow.

Private equity firm Warburg Pincus has over $40 billion of assets under management globally with 10 percent of that committed to India.

Speaking to Nisha Poddar on CNBC-TV18's show Big Deal, Mahadevia said, "Some of the themes that are seeing acceleration as a result of COVID are the increased push towards digitisation and online. That theme is going to play out, has lots of legs to it and is going to play out in many different ways."

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(Edited by : Bivekananda Biswas)