Data trails: Artificial intelligence is changing the way India borrows
India’s financial system now runs at digital scale. Industry estimates and Trai subscription data show that the country has over 800 million internet users and more than a billion wireless connections. UPI alone processes more than 10 billion transactions each month, with values exceeding ₹18 lakh crore inthe peak months of 2024. Digital payments now account for the overwhelming majority of retail transactions.
