NEWSOGRAPHY

In the last few years India has taken some eventful steps for the whole nation aimed at the greater good of the economy, such as demonetisation and Aadhaar registration. The basis for this was always working towards a ‘cashless society’ and we zoomed ahead towards that goal during a global health catastrophe – Covid-19. The pandemic which brought about social distancing, lockdowns and a hyper-dependency on digital media and digital payments. Since the late 20th century, India has been slowly but steadily moving towards cashless economy with ATMS, MICR, debit cards, credit cards. Today, you have mobile wallets, recharge vouchers, UPI, NFC payments, QR codes etc. Come to think of it, India has performed really well on the digital adoption front.   According to a PwC report, India has witnessed a steep growth in digital transactions, almost to the tune of 48 billion transactions only in year 2020, despite the pandemic (or should we say, because of the pandemic)! You can d...

Siddharth Mehta founder and CIO of Bay Capital and former director of IL&FS said that "The digital transformation of India is just barely speeding up, and we accept the internet economy could develop 10x in a long time from here on (to get to more than USD 800 billion), bringing about numerous huge organizations accumulating critical investor riches. The nature and state of the Indian economy and financial markets will be totally different in 2030 than they are today." Over the most recent 20 years, technology has jumped essentially and digital has turned into a piece of our regular routines. As time passes, shopper mindfulness and reliance on the internet is just expanding and this has prompted a fast decrease in client obtaining costs and expanded the general Life Time Worth of the client for digital businesses.     Read the full article here https://www.issuewire.com/the-digital-transformation-of-india-is-only-just-accelerating-1738216567232552  

Logistics contributes extensively to the economic growth of a country. It deals with the process of controlling how resources are obtained, housed and delivered across various locations. The logistics industry in India is witnessing rapid growth owing to infrastructure, technology and the emergence of new types of service providers that are reshaping the sector by reducing logistics costs and providing effective services. Moreover, government policies on taxation and regulation play a huge role in the improvisation of the sector. The National Logistics Policy was launched in 2022 with a vision to develop a technologically enabled, cost-efficient, sustainable and trusted logistics ecosystem in the country for inclusive growth and development. The policy has the potential to merge modes of transportation and deal with issues that are plaguing the sector. It is expected to accelerate the growth of the Indian logistics market from $250 billion in 2021 to $380 billion by 2025....

    Know more about the talking point of Siddharth Mehta at: https://www.bqprime.com/in-the-news/talking-point-with-bay-capital-s-siddhartha-mehta  

India’s digital transformation has been lauded by many countries, which are showing interest in the country’s Unified Payments Interface (UPI) and the eSanjeevani telemedicine consultation app, Prime Minister Narendra Modi said on Sunday in his monthly radio broadcast. “Now, people of Singapore and India are transferring money from their mobile phones in the same way as they do within their respective countries,” PM Modi said in the latest edition of Mann ki Baat. “I am glad that people have started taking advantage of it. Be it India’s eSanjeevani app or UPI, these have proved to be very helpful in raising the ease of living.”  Read more at: https://www.hindustantimes.com/india-news/many-countries-drawn-to-india-s-upi-says-pm-modi-101677442262781.html