New Delhi, April 6 (IANS) Unified Payments Interface (UPI) processed 228.5 billion transactions in 2025, marking a 33 per cent year‑on‑year increase, while total transaction value touched Rs. 299.74 trillion, a report said on Monday.The report from Worldline said that UPI’s growth was broad‑based, with both person-to-person (P2P) and person-to-merchant (P2M) transactions rising, with the latter recording a 34 per cent growth to 143.82 billion transactions.The overall average ticket size …
Latest digital economy News & Updates
New Delhi, March 30 (IANS) The government on Monday approved 29 new applications under its electronics component manufacturing scheme, aiming to boost domestic production and investment in the sector.According to S Krishnan, Secretary at the Ministry of Electronics and IT (MeitY), these fresh proposals involve a cumulative investment of Rs 7,104 crore.He added that the new investments are expected to generate around 14,246 jobs, providing a significant push to employment in the electronics manuf…
Hainan, March 24 (IANS) Digital transformation has emerged as a new engine for sustainable development in Asia, according to a report by the Boao Forum for Asia (BFA) released on Tuesday. Asia has taken the initiative to explore future-oriented development models through digital technologies, striving to translate its diverse economic structures into overall competitiveness and regional resilience, says the report titled “Sustainable Development: Asia and the World Annual Report 2026 — Sustaina…
New Delhi, March 22 (IANS) India’s MoUs with Nigeria on sharing digital technology provide the African nation with an opportunity to emulate the successful experiment already carried out in a 1.4 billion strong country in delivering social welfare services, education and the creation of jobs.The MoUs were signed in New Delhi when Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, agreed on two key frameworks: one with India’s Ministry of Electronics and Inf…
Panipat, Feb 23 (IANS) Conversations about India’s technological future took centre stage at the recently organised AI Summit held in New Delhi. The event, which drew attention from across the country and international delegates, became a platform to showcase India’s growing ambitions in artificial intelligence and digital innovation. Among those expressing strong support for the initiative is Panipat-based academician Prof. (Dr.) Sushil Kumar Mishra. He openly praised Prime Minister Nare…
New Delhi, Feb 13 (IANS) Delhi Assembly Speaker Vijender Gupta said on Friday that India stands at a decisive juncture in the age of Artificial Intelligence, and it must harness technology in a manner that strengthens opportunity, safeguards fairness, and advances inclusive economic growth.Addressing the 3rd National Seminar on ‘Challenges and Opportunities in the Age of AI: An Economic Perspective’ at the Academic Auditorium of Shaheed Bhagat Singh College, University of Delhi, the Speaker …
New Delhi, Feb 13 (IANS) The national finale of India’s largest ‘GenAI Innovation Challenge’ will be held here on February 17, during a session at the ‘India AI Impact Summit 2026’, where over 300 students will get the opportunity to pitch their AI-solutions on a global stage to solve real-world social issues, it was announced on Friday.OpenAI Academy and NxtWave Disruptive Technologies said the ‘Buildathon,’ co-organised by them, will feature 300 students who have been selected from 70,00…
New Delhi, Feb 2 (IANS) The ‘India AI Impact Summit 2026’, scheduled from February 16-20 here, has attracted significant global interest with over 35,000 registrations so far, the government said on Monday.The event will feature participation from over 100 countries, including 15–20 heads of government, over 50 ministers, and 40 CEOs of leading global and Indian companies, according to an official statement.India AI Impact Summit is anticipated to be the largest of the four global AI summits h…
New Delhi, Jan 8 (IANS) India’s GDP will grow around 6.6 per cent by FY27, driven by growth engines including digital economy, AI, quick commerce, tourism, the silver economy, and green ports, a report said on Thursday.The report Business data analytics firm Dun & Bradstreet said the digital economy is expected to grow almost twice as fast as the overall economy and account for nearly 20 per cent of gross value added by 203.AI adoption will scale across BFSI, manufacturing, and healthcare,…
New Delhi, Jan 3 (IANS) India’s digital journey reached a major turning point in 2025 as some of the world’s biggest technology companies announced massive investments in the country’s artificial intelligence and data centre ecosystem.Firms such as Microsoft, Amazon, Google and Meta are together committing at least $67.5 billion — highlighting India’s growing importance in the global digital economy.These investments signal that India is no longer seen only as a large market for users. …