India’s digital economy poised to constitute 1/5th of GDP by 2026: RBI report

India’s digital economy is poised to constitute a fifth of GDP by 2026 from one-tenth at present, according to a Reserve Bank report released on Monday.

In the foreword of ‘Report on Currency and Finance (RCF) for the year 2023-24’, Reserve Bank Governor Shaktikanta Das emphasised that digitalisation in finance is paving the way for next-generation banking and improving access to financial services at affordable cost.

India is at the forefront of the digital revolution, the report said.