India’s digital economy set to exceed $1 trillion by 2028, suggests report

India’s financial landscape is reportedly undergoing a seismic transformation, driven by a combination of robust government initiatives, technological innovations, and increasing internet penetration.

A new report by Ask Capital forecasts that India’s digital economy will surpass the $1 trillion mark by 2028, bolstered by factors like widespread 4G and 5G access, deepening mobile connectivity, and homegrown innovations such as the Unified Payments Interface (UPI).