The Unified Payments Interface (UPI) has strengthened its dominance in India’s digital payments system with its share in the total transaction volume rising to 83.7 per cent in 2024-25 from 79.7 per cent in the previous financial year.
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According to NSO’s second advance estimates, the country’s economy was projected to grow at 6.5 per cent in 2024-25.
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India has emerged as the information technology (IT) capital of the world and the National Stock Exchange (NSE) has been a pioneer in utilising the vast digital public infrastructure to help millions trade via its high-tech digital platform, NSE Managing…
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Net financial savings of India’s household sector may reach Rs 22 lakh crore or 6.5 per cent of gross national disposable income (GNDI) in FY25 based on the current trends, according to an SBI report released on Friday.
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India’s economic growth slowed to a four-year low of 6.5% in FY25, despite a stronger-than-expected Q4 performance of 7.4%. Key officials remain optimistic about India’s growth potential, expecting it to remain the fastest-growing major economy. Factors like robust industrial activity,…
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The Reserve Bank of India (RBI) is set to develop a framework for the responsible and ethical integration of Artificial Intelligence (AI) within the financial sector during the current fiscal year. An external committee has been formed to guide this…
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