Digital economy to make up 1/5th of GDP by 2026: RBI
Ahmedabad Mirror|July 30, 2024
India has adopted FinTech by speeding up digi payments and has also embraced biometric identification, UPI, connectivity and digi lockers
Digital economy to make up 1/5th of GDP by 2026: RBI

India’s digital economy is poised to constitute a fifth of GDP by 2026 from one-tenth at present, according to a Reserve Bank report released on Monday.

In the foreword of ‘Report on Currency and Finance (RCF) for the year 2023-24’, Reserve Bank Governor Shaktikanta Das emphasised that digitalisation in finance is paving the way for next-generation banking and improving access to financial services at affordable cost.

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