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Indian digital economy in 2020


It is believed how the year 2020 has accelerated the digitization process in India. Since March 2020, Indian authorities have distributed $5bn in benefits for citizens in need, almost exclusively using digital payment methods. India is one of the countries with the highest percentage of digital payment users (as stated on CasinoHEX.in) and surpasses the majority of more developed economies in the number of active users.
New India for the new age 
The Reserve Bank of India released information on how everyday Indians make close to 100 million digital transactions worth close to $67bn, which is five times more than in 2016. This growth was deemed so significant that India s finance minister Nirmala Sitharaman dedicated the entire 2020 budget to the digitalization of the country. According to Sitharaman, digitalization is not only essential for citizens, who get a chance to make safe, fast, and simple transactions, but also for the financial health of the entire country. T ....

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