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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | TRENDS IN THE DEVELOPMENT OF THE DIGITAL ECONOMY IN MODERN INDIA |
| Authors Name: | Neelappa Desai |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_185891
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| Published Paper Id: | IJNRD2301099 |
| Published In: | Volume 8 Issue 1, January-2023 |
| DOI: | http://doi.one/10.1729/Journal.32706 |
| Abstract: | Digitalization has become an important part of the growth of the modern economy. This has led to the creation of a new term, "Digital Economy," because it promises to add a lot more in a short amount of time. So, when Prime Minister Narendra Modi says that India's digital economy will be worth $1 trillion by 2025 and that the country's digital economy and infrastructure sector have a total potential of $2.5 trillion, not many people are surprised. The study tries to analyse the trend and development of digital payment in India. the paper purely based on secondary data, data collected from RBI, Digi Dhan Dashboard, Statista, Statista Global Consumer Survey, and Statista. The study found that in comparison to the top five countries in terms of transaction value of the countries where Indians transact is very low, but the CAGR value between the study year and now is greater than that of the top five countries. In 2022, the total transaction value of the Digital Payments segment is anticipated to reach $142 billion. According to market experts and statistics, it will reach $1 trillion by 2026. It study shows that there was a drastic increase in the digital transaction volume and value between the 2017-18 to 2021-2022 financial years. It clearly shows that the majority of India's young people use digital payment the majority of the males using the digital payments in India. the majority of people in the middle- and upper-income brackets use digital payments. |
| Keywords: | Digitisation, Digital Economy |
| Cite Article: | "TRENDS IN THE DEVELOPMENT OF THE DIGITAL ECONOMY IN MODERN INDIA", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 1, page no.a883-a896, January-2023, Available :http://www.ijnrd.org/papers/IJNRD2301099.pdf |
| Downloads: | 000118756 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID:IJNRD2301099 Registration ID: 185891 Published In: Volume 8 Issue 1, January-2023 DOI (Digital Object Identifier): http://doi.one/10.1729/Journal.32706 Page No: a883-a896 Country: Mysuru, Karnataka, India Research Area: Arts Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2301099 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2301099 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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