Is UPI Going Global? Nearly 47% of Digital Transactions in India!
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Synopsis
India is witnessing a remarkable surge in digital transactions, with nearly 47% attributed to the Unified Payments Interface (UPI), which has also expanded globally. Union Minister Jyotiraditya Scindia emphasizes the nation's role in the tech revolution and the economic growth of the northeast as a strategic hub for India's future.
Key Takeaways
- 47% of digital transactions in India are from UPI.
- India is recognized as a digital-first economy.
- The northeast is a key growth area with a 12-13% growth rate.
- India has achieved atmanirbharta in telecommunications.
- Investment interest of Rs 4.3 lakh crore was attracted from the northeast summit.
New Delhi, May 30 (NationPress) Approximately 47 percent of digital transactions occur in India, and the Unified Payments Interface (UPI) has expanded its reach globally, emphasized Union Minister of Communications Jyotiraditya Scindia.
Furthermore, India is at the forefront of a technological and telecommunications revolution.
“For example, India is recognized as a digital-first economy, and a significant telecom revolution is currently in progress. The scalability achieved has dramatically lowered communication costs, now among the lowest globally. The nation has attained ‘atmanirbharta’ in telecommunications and ranks among the top four countries manufacturing its technology stack,” Scindia stated during the Annual Business Summit 2025 organized by CII.
Technology is also enhancing the postal department with the introduction of new services, he noted.
According to him, fostering trust through enlightened leadership is essential for sustainable growth and serves as a hallmark for advancing India, emphasizing the need to focus on inspiring outcomes.
He highlighted that India’s rise as the fourth largest economy globally is a significant accomplishment.
The minister further pointed out the importance of the northeast as a pivotal element of India’s development, with a decadal growth rate exceeding 12-13 percent.
“These eight states are set to become an engine propelling India’s vision of Viksit Bharat,” he added.
Sanjiv Puri, President of CII, congratulated the Minister for attracting an investment interest of Rs 4.3 lakh crore from the Rising North-East Investors Summit 2025, asserting that the northeast is evolving into India’s strategic gateway to South-East Asia, enhancing trade, connectivity, and the ambition for Viksit Bharat.
“There is immense potential for industry involvement in developing skill hubs in sectors like hospitality and food processing, which should be harnessed for maximum benefit,” he added.
Point of View
We recognize India's remarkable progress in digital transactions and telecommunications. The government's focus on the northeast as a growth engine underscores a commitment to inclusive development, a vital strategy as we navigate the challenges of the global economy.
NationPress
20/07/2025
Frequently Asked Questions
What percentage of digital transactions in India is attributed to UPI?
Approximately 47 percent of digital transactions in India are attributed to the Unified Payments Interface (UPI).
What is the significance of the northeast in India's economy?
The northeast is becoming a pivotal growth area for India, with a growth rate of 12-13 percent, contributing significantly to the nation's economy.
How has India achieved 'atmanirbharta' in telecommunications?
India has achieved 'atmanirbharta' by becoming one of the top four countries manufacturing its telecommunications technology stack.
What is the goal of 'Viksit Bharat'?
'Viksit Bharat' aims to transform India into a developed nation with enhanced infrastructure, economic growth, and improved living standards.
What investment interest was generated at the Rising North-East Investors Summit 2025?
The Rising North-East Investors Summit 2025 garnered an investment interest of Rs 4.3 lakh crore.
