India's digital economy to reach $1 trillion by 2028, driven by government initiatives, smartphone usage, and e-commerce.

India's digital economy is set to reach $1 trillion by 2028, fueled by government initiatives, rising smartphone usage, and e-commerce growth. Digital transactions are expected to contribute 20% to GDP by 2026, up from 4.5% in 2014. Key factors include the Unified Payments Interface (UPI) and advancements in healthcare and education. Enhanced internet access and the adoption of 4G and 5G technologies are also driving this transformation.

October 02, 2024
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