INDIA'S ECONOMIC TRANSFORMATION: THE ROLE OF DIGITAL FINANCE

Ravi Kant; Anuradha

doi:10.29121/shodhkosh.v5.i1.2024.4036

Authors

Dr. Ravi Kant Assistant Professor of Commerce Govt. PG College Ambala Cantt (Haryana) India
Dr. Anuradha Assistant Professor of Commerce Govt. PG College Ambala Cantt (Haryana) India

DOI:

https://doi.org/10.29121/shodhkosh.v5.i1.2024.4036

Keywords:

Digital Finance, Indian Economy, Financial Inclusion, Economic Growth, Digital Payments, Financial Modernization

Abstract [English]

Digital finance, encompassing a wide range of financial services delivered through digital channels, has emerged as a potent driver of financial inclusion, economic growth, and modernization in the Indian economy. This research paper explores the multifaceted impact of digital finance on India's financial landscape, economic development, and societal well-being. Through an in-depth analysis of key components, case studies, and policy considerations, this paper sheds light on how digital finance is reshaping India's financial ecosystem and contributing to its long term economic sustainability. This paper examines the pivotal role of digital finance in India’s economic growth and development.

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