According to the report, China led the charge in alternative payments throughout 2023, setting a benchmark that was closely followed by India. Key to this paradigm shift has been the widespread adoption of mobile wallets, particularly driven by India's Unified Payments Interface (UPI), which facilitates seamless real-time transactions via QR codes.

"The meeting entailed comprehensive discussions on strategies to broaden and deepen the adoption and usage of UPI. Valuable inputs and suggestions were exchanged among stakeholders," the statement noted.

Half of Indian Netizens Face 24-Hour Delays

Rajeev was the earliest MP to recognize the power of Social Media and Tech Platforms and start a debate in and outside parliament about the need to regulate them. His advocacy has brought critical attention to issues such as data privacy, misinformation, and online safety, prompting discussions and policy interventions to address these challenges.

Under the leadership of the Modi government over the past decade, there has been unprecedented growth in the adoption of debit cards, credit cards, and UPI/retail digital transactions.  Comparing the period from 2014 to 2024, RuPay cards, which were non-existent a decade ago, have now captured approximately 80% of the debit card market share. 

"India is one of the youngest countries in the world where 55 per cent population is below 25 years. India is the fifth largest economy in the world, and it is going to be third largest by 2030. As you know we have set a target to make India a developed country by 2047, so, there is a golden opportunity for students, and we have to make use of the situation accordingly," she said. 

With more than 1000 prominent attendees and over 30 innovative exhibitions, the Future Skills Summit promises to be a dynamic platform for knowledge exchange and collaboration.

The Digital India futureLABS, coordinated by C-DAC, aims to tap into the trillion-dollar opportunity presented by the Electronics System Design and Manufacturing(ESDM) sector.

“India emerges as a pre-eminent nation in the use of technology for transforming lives, governance and democracy”, stated Rajeev Chandrashekhar

“MedTech Mitra is a platform that will help young talents of the county by holding their hands and giving them final shape to their research, knowledge, logic etc. and help them in getting regulatory approval” said Mansukh Mandaviya.