What was the Compounded Annual Growth Rate (CAGR) of digital payment transactions in India from FY 2017-18 to FY 2023-24?
44%
Why in the news?
“India's Digital Payments Skyrocket: Transactions Surge from 2,071 Crore in FY 2017-18 to 18,737 Crore in FY 2023-24”
India's digital payment transactions grew from 2,071 crore in FY 2017-18 to 18,737 crore in FY 2023-24, achieving a Compounded Annual Growth Rate (CAGR) of 44%. This rapid expansion highlights the increasing adoption of cashless and digital transactions nationwide.
Similar Questions
What is the projected GDP growth for India in FY25 according to CRISIL Intelligence report?
India’s retail inflation in December 2024 stood at:
Which two power distribution companies in Uttar Pradesh are being considered for privatisation?
According to the PHD Chamber of Commerce and Industry (PHDCCI), which country is India projected to surpass to become the world’s fourth-largest economy by 2026?
Which Indian fintech organization partnered with Magnati to promote UPI payments in the UAE?
What is the revised GDP growth forecast for India for FY 2024-25 by FICCI?
What GDP growth rate does the Confederation of Indian Industry project for India in 2025-26?
What is Deloitte India's revised GDP growth projection for the fiscal year 2024-25?
By how many times have digital payment volumes in India increased over the last five years, as per the December 2024 Payment System Report?
What key economic agreement are India and Oman accelerating negotiations for?
Important Questions from Economic and Financial Affairs
As per the Union Budget 2021-22, the government plans to continue on the path of fiscal consolidation, achieving a fiscal deficit level below 4.5% of GDP by ______.
- The National Rail Plan announced in the Union Budget of 2021-22 aims to create a future ready railway system by which of the following years?
As per the Economic Survey 2021, in which of the following states did the proportion of households that had health insurance decrease by 12% from 2015-16 to 2019-20?
As per Economic Survey 2020-2021, India’s real GDP is estimated to grow by ______ in financial year 2021-22.
As per the Economic Survey of India 2020-21, India is expected to have a Current Account Surplus of ______ GDP in FY21.
