Prime Minister Mr. Narendra Modi urged BRICS nations to adopt India's Unified Payments Interface (UPI) for financial integration, highlighting successful implementation in the UAE and interest from ...
Union Minister of Finance, Ms. Nirmala Sitharaman, announced over US$ 450 billion transferred through Direct Benefit Transfers, enhancing welfare delivery by eliminating mediators and reducing ...
As of March 2024, cash constitutes 60% of consumer expenditure, with digital payments rising significantly, reflecting a major shift in payment preferences, according to a Reserve Bank of India study.
India is projected to remain the fastest-growing economy globally, with a 7% growth rate for FY24-25, bolstered by strong fundamentals, rising rural consumption, and declining inflation at 4.4%.
India is becoming a key hub for Global Capability Centres, with over 1,800 established and plans for expansion to over 2,300 centres, occupying more than 280 million sq. ft. of office space.