India is not China in P2P lending; it has robust model to manage risks for investors that world can learn from

economictimes.indiatimes.com:

an article that raised concerns about the risk management practices in the peer-to-peer (P2P) lending space in India. This is why I am compelled to remove all doubts about the robustness of the P2P lending space in India.
Here are the reasons that makes the Indian P2P lending space unique and relatively safe for investors.

Well-regulated by RBI

P2P or lending has grown dramatically since the Reserve Bank of India laid down a regulatory framework for the sector in 2017. At the time of introducing regulation, the sector barely had Rs 100 crore in assets under management and now it has more than Rs 7,000 crore in assets — a growth of almost 100% last year, thanks to robust regulations.
P2P lending, as the name suggests, is lending between the lender and the borrower. In India, RBI regulations require such lending to be facilitated by an NBFC-P2P platform which has taken necessary RBI approvals. Both the lender, or investor, and the borrower are retail users where the lender can at most lend a total of Rs 50 lakh on such platforms.

Middleman replaced by technology which expands its outreach and reduces cost

P2P lending bypasses conventional middlemen in the credit (lending) value chain and thus, reducing capital distribution inefficiencies. This leads to unlocking higher returns for the investor as well as lower costs for the borrower by virtue of systemic efficiency. The model therefore, carries immense potential to not just deliver good returns to investors but also enable bridging the economy's credit gap.

No guarantee of return but efficient risk management through diversification

While a P2P platform cannot guarantee returns to a user, it can help an investor effectively manage its risk by enabling the investor to