Internet economy to become 12–13% of GDP by 2030: Report
1 year, 6 months ago

Internet economy to become 12–13% of GDP by 2030: Report

The Hindu  

India’s internet economy — B2C e-commerce firms, online service providers, ed-tech companies, and so on — will hit $1 trillion in value by 2030, up from $175 billion in 2022, a report by Google, Bain & Company and Temasek estimated. The key thrust would come from “Tier 2+ locations,” the report said, emphasising smaller towns and rural areas, where the changes were expected to be most pronounced in their impact on the value of the internet economy, as only 13% of Indians live in metro and tier 1 cities. the contribution of the internet economy to India’s technology sector is set to expand, from the present 48% to 62% in 2030,” the report said. “SaaS will continue to drive momentum for India’s digital exports, with edtech and e-commerce offerings getting a global footprint.” In this period, investors may well turn to established startups, eyeing a return on their investment instead of scattering seed investments for early stage firms.

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History of this topic

EdTech boom and bust: Who is surviving now?
1 week, 4 days ago

EdTech boom and bust: Who is surviving now?

The Hindu  

As of 2023, the edtech industry in India, the second largest market base globally after the United States, is valued at ₹ 3 lakh million. Jaro Education, UpGrad, Eruditus, TimesPro, Coursera are some companies that are focused on online higher education as well as upskilling and certification courses. With the National Education policy 2020 being implemented at the undergraduate and …

India on track to increase its workforce to 457.62 million by 2028, says a new report by American software company
1 month, 1 week ago

India on track to increase its workforce to 457.62 million by 2028, says a new report by American software company

Hindustan Times  

India is on track to increase its workforce from 423.73 million in 2023 to 457.62 million by 2028, reflecting a net gain of 33.89 million workers, a report said on Wednesday. According to a report by American software company ServiceNow, emerging technology will transform talent across India's key growth sectors, generating 2.73 million new tech jobs by 2028. "AI will …

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue
1 month, 1 week ago

iPhone production likely to double in India due to Donald Trump, adding 200,000 new jobs & $30bn revenue

Firstpost  

Apple’s production increase hinges on the policies of US President Donald Trump, who has repeatedly expressed his intent to impose steep tariffs, between 60-100 per cent, on goods imported from China If Apple implements these plans, India’s share of global iPhone production could rise to over 26 per cent, a substantial jump from the current 12-14 per cent. The Economic …

US Presidential Election 2024: Potential Impact on Indian IT Stocks, a Close Call
1 month, 3 weeks ago

US Presidential Election 2024: Potential Impact on Indian IT Stocks, a Close Call

Live Mint  

The impact of the US Presidential Election 2024 on Indian IT stocks is uncertain, with analysts offering contrasting viewpoints. While a Kamala Harris victory could potentially benefit the IT sector due to the strong economic ties between the two countries, a Donald Trump re-election could have negative effects due to anti-immigration policies and currency fluctuations. However, the overall outlook remains …

Digital Infrastructure: The Secret Weapon for India's Economic Ascent
2 months ago

Digital Infrastructure: The Secret Weapon for India's Economic Ascent

The Hindu  

Finance Minister Nirmala Sitharaman emphasizes the crucial role of digital infrastructure in propelling India's economic growth. She highlights the widespread adoption of digital infrastructure by the Indian people, which has facilitated access to essential services and empowered millions to benefit from various opportunities. The Minister emphasizes the transformative impact of the Digital Public Infrastructure (DPI), which has democratized access to …

Indian IT Services Companies See Growth in Revenue, But Hiring Slows Down
2 months ago

Indian IT Services Companies See Growth in Revenue, But Hiring Slows Down

Live Mint  

Indian IT companies are seeing a rebound in revenue growth, with four of the five largest companies hiring more people in the first six months of the fiscal year compared to the year-ago period. This positive guidance comes at a time when the companies' order books have shrunk in H1FY25 compared to H1FY24, but the current quarter (Q3) is not …

Transforming India's Economy: The Power of Digital Public Infrastructure
2 months ago

Transforming India's Economy: The Power of Digital Public Infrastructure

Live Mint  

The article highlights the importance of digitalization in transforming India's economy. It emphasizes the role of open platforms and collaboration between the public and private sectors in building a robust digital infrastructure. The government's initiatives, such as the Unified Payments Interface (UPI) and the Open Network for Digital Commerce (ONDC), demonstrate the government's commitment to fostering a digital economy.

Digital Push Propelling Media Revenue Growth to 8%
2 months, 3 weeks ago

Digital Push Propelling Media Revenue Growth to 8%

New Indian Express  

Media companies are expected to see significant growth in their digital space, with revenue growth projected to reach 8% per year over the next two years. This growth will be driven by increased ad revenue and the expansion of the digital segment's share of the revenue pie. The overall revenue of media players is expected to grow 8% annually over …

LG Electronics weighs India IPO to chase $75 billion goal
3 months, 3 weeks ago

LG Electronics weighs India IPO to chase $75 billion goal

Hindustan Times  

LG Electronics Inc. is considering an initial public offering for its India business, tapping a booming stock market to help hit a target of $75 billion in electronics revenue by 2030. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Chief Executive Officer William Cho said an Indian market debut is one of several options it’s weighing to revitalize a decades-old consumer electronics business. In …

Lead in digital sector — how cool is that for China!
4 months, 2 weeks ago

Lead in digital sector — how cool is that for China!

China Daily  

The milk is packaged automatically. As the economy is transitioning from a phase of rapid growth to a new phase of high-quality development, the country is shifting its focus to emerging industries, creating new business models and fostering new growth drivers in a bid to promote the development of productive forces featuring high technology, high performance and high quality. China …

Lead in digital sector — how cool is that for China!
4 months, 2 weeks ago

Lead in digital sector — how cool is that for China!

China Daily  

By Ouyang Shijia | China Daily | Updated: 2024-08-05 09:15 The milk is packaged automatically. As the economy is transitioning from a phase of rapid growth to a new phase of high-quality development, the country is shifting its focus to emerging industries, creating new business models and fostering new growth drivers in a bid to promote the development of productive …

Digital economy poised to be 20% of GDP by 2026: RBI report
4 months, 3 weeks ago

Digital economy poised to be 20% of GDP by 2026: RBI report

New Indian Express  

MUMBAI: The sweeping digitisation of the financial markets and payments system will drive the country’s digital economy, which currently accounts for a tenth of the GDP, and constitute a fifth or 20 percent of the GDP by 2026 says a report prepared by the Reserve Bank. Although internet penetration was at 55 percent in 2023, the internet user base has …

Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up
5 months ago

Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up

The Hindu  

US smartphone major Apple assembled 14% of global iPhones in India in FY24 and the country's ranking in global electronics export improved by four positions, Economic Survey 2023-24 said on July 22. "Apple assembled $14 billion worth of iPhones in India during FY'24, constituting 14% of its global iPhone production," the Economic Survey said citing third-party data. The survey recorded …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
6 months ago

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Times of India  

NEW DELHI: The International Monetary Fund has forecast that India's GDP is likely to grow to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. "In India, the outlook is for GDP growth to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025, because pent-up demand accumulated during the pandemic has been …

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study
6 months ago

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study

ABP News  

Indian tech start-ups secured $4.1 billion in funding in the first half of 2024, a 4 per cent increase from $3.96 billion in the second half of 2023. According to Tracxn, a market intelligence platform, India ranks as the fourth-highest funded country globally in the tech startup landscape, with the US, UK, and China leading in overall funding volumes. Seed-stage …

India's AI Spending Forecasted to Reach $5.1 Billion by 2027: Intel-IDC Report
7 months, 1 week ago

India's AI Spending Forecasted to Reach $5.1 Billion by 2027: Intel-IDC Report

News 18  

Intel and IDC have unveiled a joint report assessing the Artificial Intelligence maturity level across eight markets, including India. The report highlighted that India’s AI spending is forecasted to experience the swiftest expansion among the examined markets, with a projected Compound Annual Growth Rate of 31.5 per cent from 2023, reaching $5.1 billion by 2027. According to the report, India, …

India’s services export grew faster than global average in 2023: UNCTAD data
7 months, 4 weeks ago

India’s services export grew faster than global average in 2023: UNCTAD data

Hindustan Times  

NEW DELHI: India’s annual services export grew at 11.4% in 2023 against the global average of 8.9% and surpassed China which witnessed a 10.1% contraction in the year, according to the quarterly bulletin released by the United Nations Conference on Trade and Development. Robust services trade helped India to compensate for a 3.11% year-on-year contraction in merchandise exports in FY2024 …

Indian economy projected to grow 6.5% in 2024: UNCTAD
8 months ago

Indian economy projected to grow 6.5% in 2024: UNCTAD

The Hindu  

India’s economy is projected to grow by 6.5% in 2024, according to a report by the UN which noted that multinationals extending their manufacturing processes into the country to diversify their supply chains will have a positive impact on Indian exports. “The expansion in 2023 was driven by strong public investment outlays as well as the vitality of the services …

India to be third top economy in few years, says Nirmala Sitharaman
9 months, 1 week ago

India to be third top economy in few years, says Nirmala Sitharaman

The Hindu  

Union Finance Minister Nirmala Sitharaman on March 16 said India needs economic freedom to achieve developed nation status by 2047 and assured that the country would move to the third spot in the world economy from the current fifth position in the near future. ‘We should attain economic freedom’ Observing that India was a rich country about 400 years ago, …

India to invest $1.2 billion in AI infrastructure, startups; Ambani's Reliance to lead the race
9 months, 2 weeks ago

India to invest $1.2 billion in AI infrastructure, startups; Ambani's Reliance to lead the race

Hindustan Times  

India will invest $1.2 billion in a wide range of artificial intelligence projects as the world's most populous country stakes a claim to the burgeoning sector. Junior minister Rajeev Chandrasekhar said the investment "will catalyze India's AI ecosystem and position it as a force shaping the future of AI for India and for the world". OpenAI chief executive Sam Altman …

This sector will see highest salary growth in 2024 while job cuts will be in…
9 months, 2 weeks ago

This sector will see highest salary growth in 2024 while job cuts will be in…

Hindustan Times  

India Inc could see a 9.6% salary increase on average in 2024, similar to the actual increase last year, as per a report by EY ‘Future of Pay 2024’. Salary Increase: This is what India Inc could see in terms of salary rise in 2024. Abhishek Sen, partner, EY India, said in a statement, “While overall average salary increase in …

Setting the rules in disputes over apps
9 months, 2 weeks ago

Setting the rules in disputes over apps

Hindustan Times  

Last week, Google delisted the apps of 10 Indian businesses from its proprietary app store. This incident, which saw some apps relisted after mediated discussions, highlights the need for a thoughtful resolution of business disputes in the digital economy, increasingly contested on the notion of “fairness”. The margins-led fight between apps and their distributors has many analogues, such as telecom …

Indian media and entertainment sector to cross ₹3 tn by 2026
9 months, 2 weeks ago

Indian media and entertainment sector to cross ₹3 tn by 2026

Live Mint  

The Indian media and entertainment sector that touched ₹2.3 trillion in 2023, is expected to grow at a compound annual growth rate of 10% to reach ₹3.08 trillion by 2026, according to the annual media and entertainment report by Ficci and consulting firm EY. On the other hand, new media grew the most, providing ₹12,200 crore of the total growth, …

DPI value addition can grow up to 4.2 pc
10 months ago

DPI value addition can grow up to 4.2 pc

Deccan Chronicle  

Chennai: Digital Public Infrastructure with entities like Aadhaar, UPI and FASTag contributed 0.9 per cent to the GDP in 2022 and is expected to increase their economic value addition to 2.9 – 4.2 per cent by 2030, said NASSCOM. Apart from the 0.9 per cent economic value add, DPIs also contribute to financial benefits, ecological benefits and process efficiencies and …

India needs to grow at rapid rates to become $35 trn economy by 2047: Kant
10 months ago

India needs to grow at rapid rates to become $35 trn economy by 2047: Kant

Business Standard  

"Our aim will be to become the cheapest producer, the cheapest exporter of green hydrogen and its liquid form ammonia and to be the biggest manufacturer of electrolyzer," he said | Photo: Bloomberg India will be the third largest economy by 2027 and it needs to grow at rapid rates to become a $35 trillion economy by 2047, the country's …

India’s AI market seen touching $17 billion by 2027: Report
10 months ago

India’s AI market seen touching $17 billion by 2027: Report

The Hindu  

February 21, 2024 10:16 am | Updated 12:24 pm IST - MUMBAI India’s artificial intelligence market is projected to touch $17 billion by 2027, growing at an annualised rate of 25-35% between 2024 and 2027, IT industry body Nasscom and consulting firm BCG said on Tuesday, citing a joint report studying AI-powered tech in the country. The growth is seen …

Vantage | What India must do to be a $7 trillion economy by 2030
10 months, 3 weeks ago

Vantage | What India must do to be a $7 trillion economy by 2030

Firstpost  

As the Indian government gears up to present the annual budget in what is considered the last one ahead of the general election, the focus is on maintaining stability with an interim budget. In the next three years, India aims to secure its position as the world’s third-largest economy, targeting a GDP of $5 trillion dollars. Projections for India’s growth …

Apple's 'Made in India' iPhones contribute to Rs 65,000 crore in exports in 2023
11 months, 2 weeks ago

Apple's 'Made in India' iPhones contribute to Rs 65,000 crore in exports in 2023

India TV News  

Apple has reportedly assembled the new iPhones which are worth more than Rs 1 lakh crore in India in 2023, as India doubles the down on local manufacturing. Riding on the local manufacturing growth, mobile phone exports from the country have surpassed USD 9 billion from April to November in the current fiscal year, as per the India Cellular and …

Tech start-up market cap to touch $1 trillion by 2023
11 months, 2 weeks ago

Tech start-up market cap to touch $1 trillion by 2023

Deccan Chronicle  

Chennai: As several tech start-ups are preparing themselves for Initial Public Offering, Indian stock exchanges are likely to witness around 250 listings in the next 10 years. According to the report by Redseer Consultancy, the publicly listed new-age companies, encompassing internet retail, fintech, SaaS, and other sectors, are set to escalate their market cap tenfold over the next decade. Currently, …

CoWIN Breach, Apple Alerts: What Was It Like Living in Digital India in 2023?
11 months, 3 weeks ago

CoWIN Breach, Apple Alerts: What Was It Like Living in Digital India in 2023?

The Quint  

Flip-flop on laptop, tablet imports: Initially, the central government placed imports of laptops, tablets, all-in-one personal computers, and ultra-small form factor computers, and servers under the ‘restricted’ category, making their imports permissible only under a valid licence. Apple retail stores in India: In April, CEO Tim Cook made his way to India to launch the first Apple retail stores in …

Yearender 2023: 7 trends that ruled tech industry in 2023
1 year ago

Yearender 2023: 7 trends that ruled tech industry in 2023

India TV News  

2023 will be remembered as the year when Artificial Intelligence took centre stage. Artificial In The Spotlight 2023 will be remembered as the year when Artificial Intelligence took centre stage, showcasing robots creating art that baffled critics and AI assistants crafting haikus on demand. Elon Musk: The Unavoidable Figure Elon Musk, with his tweets, controversies, and unmistakable presence, dominated tech …

Digital economy to contribute 20% of India’s GDP by 2026: Union Minister Rajeev Chandrasekhar
1 year ago

Digital economy to contribute 20% of India’s GDP by 2026: Union Minister Rajeev Chandrasekhar

India TV News  

Gandhinagar: Union minister Rajeev Chandrasekhar on Thursday said that the digital economy will contribute 20 per cent of India's gross domestic product by 2026. Rajeev Chandrasekhar on digital economy "In 2014, the digital economy was around 4.5 per cent of the GDP and today it is 11 per cent. India has now become fastest-growing digital economy The Union Minister asserted …

India on the cusp of ‘an epochal leap’ in ICT sector, says KPMG report
1 year, 1 month ago

India on the cusp of ‘an epochal leap’ in ICT sector, says KPMG report

The Hindu  

Three technologies, 5G/6G, Satellite Communication and Semiconductors, collectively will add $240 billion to the Indian economy in the next five years and add 1.6% to India’s GDP by FY28, estimates KPMG in a report titled Expanding Tech Horizons: Unlocking India’s Digital Potential released at the India Mobile Congress 2023 on Friday. The report projects an ambitious and positive outlook for …

How Indian startups are contributing to India’s $5 trillion economy goal?
1 year, 2 months ago

How Indian startups are contributing to India’s $5 trillion economy goal?

Live Mint  

Indian startups have witnessed remarkable growth in recent years, with the country emerging as the third-largest ecosystem for ventures globally. In 2022, Indian startups attracted a whopping $42 billion in funding, a substantial leap from the previous year's $16 billion which underscores their pivotal role in India's aspiration to achieve a $5 trillion economy goal. India will soon become a …

‘Cloud, AI can unlock ₹1.6 trillion for small biz’
1 year, 2 months ago

‘Cloud, AI can unlock ₹1.6 trillion for small biz’

Live Mint  

New Delhi: Small businesses that embrace artificial intelligence and cloud-enabled technologies in India are expected to unlock up to ₹1.6 trillion in annual productivity gains and support 45.9 million jobs by 2030, a report said on Thursday. “By adopting advanced cloud-enabled technologies like generative AI, small businesses can accelerate their growth and digital transformation,” said Deepti Dutt, leader, Verticals, Public …

Technology will boost the role of MSMEs in India’s export success
1 year, 4 months ago

Technology will boost the role of MSMEs in India’s export success

Live Mint  

During Prime Minister Narendra Modi’s recent visit to the US, technology was centre-stage at several discussions. For example, in alignment with India’s G20 objective of linking micro, small and medium enterprises to global value chains through e-commerce platforms, Amazon announced a goal of $20 billion in cumulative e-commerce exports from India by 2025 and $125 billion by 2030. If India …

India's gaming market is expected to soar to 8.6 Billion USD by 2027 driven by 5G and cloud technology
1 year, 5 months ago

India's gaming market is expected to soar to 8.6 Billion USD by 2027 driven by 5G and cloud technology

India TV News  

The gaming market in India, which was valued at $2.6 billion in FY2022, is projected to experience an impressive annual growth rate of 27 per cent, reaching $8.6 billion by 2027. Ninad Chhaya, Senior Vice President at Reliance Games, expressed optimism about the future of the gaming industry, citing technological advancements and the ever-expanding global audience. With the rapid advancements …

Government to hire agency to estimate size of digital economy
1 year, 5 months ago

Government to hire agency to estimate size of digital economy

Deccan Chronicle  

New Delhi: The government is planning to hire an agency to measure the actual size of the digital economy which is estimated to be around USD 1 trillion by 2025, according to an official document. "The RFP aims to invite proposal in the area of estimation and measurement of India's digital economy including formulation of measurement framework, capturing data and …

How Much is India’s ‘Digital Economy’ Worth? In a First, Modi Govt to Measure in Next 9 Months
1 year, 5 months ago

How Much is India’s ‘Digital Economy’ Worth? In a First, Modi Govt to Measure in Next 9 Months

News 18  

The Narendra Modi-led central government, for the first time, will measure the size of India’s ‘digital economy’. The government has put prime focus on ‘digitalisation’ but the measurement of the ‘digital economy’ has not been institutionalised in India. According to senior officials, an exercise will be conducted over the next nine months involving “estimation and measurement of India’s digital economy”, …

Global players’ investments to boost India’s semicon ecosystem: MoS IT
1 year, 6 months ago

Global players’ investments to boost India’s semicon ecosystem: MoS IT

Live Mint  

New Delhi: Indian investments by global players such as Micron, Applied Materials, and Lam Research will boost the manufacturing ecosystem and create job opportunities, both directly and indirectly, said minister of state for electronics and information technology, Rajeev Chandrasekhar. Chandrasekhar added that Prime Minister Narendra Modi has struck up more partnerships with the U.S. during his two-day visit, bringing in …

Technology to contribute 20-25% of Indian GDP by 2025-26: IT Minister Chandrasekhar
1 year, 6 months ago

Technology to contribute 20-25% of Indian GDP by 2025-26: IT Minister Chandrasekhar

The Hindu  

The Indian Government has set a goal of making technology 20-25% of the country’s GDP by 2025, India’s IT Minister Rajeev Chandrasekhar has told Indian American entrepreneurs and asked them to be part of this story of India. “Over the last nine years, the digital economy has expanded, diversified and currently there isn’t a slice or space in the tech …

India tops world ranking in digital payments in 2022, leaves behind THESE countries including China
1 year, 6 months ago

India tops world ranking in digital payments in 2022, leaves behind THESE countries including China

India TV News  

Digital India: A latest data from MyGovIndia suggested that India has topped the list of five countries in digital payments, with 89.5 million digital transactions in the year 2022. As per the data, India in the year 2022 accounted for 46 per cent of the global real-time payments, adding that the digital payment transactions in India are more than the …

'GDP growth exemplifies tenacity of people amid global challenges': PM Modi lauds India's outstanding economic progress
1 year, 6 months ago

'GDP growth exemplifies tenacity of people amid global challenges': PM Modi lauds India's outstanding economic progress

Firstpost  

According to data released by the National Statistical Office, India’s economy will see an overall growth of 7.2 per cent in FY23. The country has witnessed steady growth among some of the fastest-growing economies including China and the US Lauding the Indian economy’s exceptional growth in Q4 FY23, Prime Minister Narendra Modi said that the latest figures by National Statistical …

India's GDP grows at 6.1 per cent in January-March 2023: Government data | DETAILS
1 year, 6 months ago

India's GDP grows at 6.1 per cent in January-March 2023: Government data | DETAILS

India TV News  

India's GDP Growth: National Statistical Office on Wednesday released data mentioning that India's economy grew 6.1 percent in the fourth quarter of 2022-23. According to data released by the National Statistical Office, the Gross Domestic Product had expanded by 4 percent in the January-March period of 2021-22. The economy expanded 7.2 per cent in 2022-23 against a 9.1 per cent …

India is making its mark in the world
1 year, 6 months ago

India is making its mark in the world

Hindustan Times  

India is in a rare moment of equilibrium. India’s economy is no longer at the receiving end of the global order but is in the fray of the world’s most powerful future economies, with an unmatched growth rate. The International Monetary Fund says India and China will account for 50% of the total world gross domestic product growth in 2023, …

India poised to catapult to forefront of digital innovation with thriving digital economy, tech use: U.S. Ambassador Eric Garcetti
1 year, 7 months ago

India poised to catapult to forefront of digital innovation with thriving digital economy, tech use: U.S. Ambassador Eric Garcetti

The Hindu  

“India with its vast population, thriving digital economy and technology use is poised to leverage transformative power of 5G, and in future 6G, to catapult itself to the forefront of digital innovation” U.S. Speaking at inaugural ceremony of U.S.-India 5G and next generation networks workshop, Mr. Garcetti said India and the U.S. through their shared values recognise that technology is …

Amazon’s cloud arm to invest $12.7 billion in India by 2030
1 year, 7 months ago

Amazon’s cloud arm to invest $12.7 billion in India by 2030

The Hindu  

Amazon Web Services said it plans to invest $12.7 billion in India by 2030 to meet the fast-growing customer demand for cloud services in the country. Puneet Chandok, president of commercial business, AWS India and South Asia, said India was a rapidly expanding cloud market and therefore the company was making considerable investments in the country and the newly-announced investments …

AWS to make a fresh investment of 12.7 billion in India by 2030
1 year, 7 months ago

AWS to make a fresh investment of 12.7 billion in India by 2030

The Hindu  

Amazon Web Services said it would have invested $ 16.4 billion in India by 2030 to meet the fast-growing customer demand for cloud services in the country. Puneet Chandok, president of commercial business, AWS India and South Asia said India was a rapidly expanding cloud market and therefore the company was making considerable investments in the country and the newly …

India expected to become 50% non-cash economy in consumption by 2026
1 year, 7 months ago

India expected to become 50% non-cash economy in consumption by 2026

Firstpost  

India is expected to become a 50 per cent non-cash economy in consumption in the next three years. According to a new report, the person-to-merchat digital transactions could reach over $1.5 trillion by the Financial Year 2026. Saurabh Trehan, Partner and Leader of the Financial Services practice, Bain & Company, said, “With the current technical and financial momentum, India is …

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