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India is going digital & pandemic plays a vital role in growth of digitalization

According to IL&FS Former Director Mr. Siddharth Mehta the pandemic is one of the major reasons for the growth of the digital space in the Indian economy.<br><br>To know more visit https://www.moneycontrol.com/india/newsarticle/news_print.php?autono=2449321&sr_no=0&classic=true<br>

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India is going digital & pandemic plays a vital role in growth of digitalization

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  1. Mr.SiddharthMehta IL&FSFormerDirectorsays India'sdigitaleconomyisexpectedtogrow exponentiallyto800billionby2030

  2. Hebelievesdigitaleconomy willgrowrapidly Consumer dependence on internet is increasing day by day,andafterthepandemiceveryonestartadaptingthe digitalplatformveryquickly.Beitisonlinepayments, growthintheusageofinternet,bankKYC,opening online portal of government authorized websites, educational services and working through digital platforms.

  3. COVID-19impactondigital paymentappsinIndia According to the results of a survey among Indians ontheimpactofthecoronavirus(COVID-19)andits consequent lockdown, a majority of respondents used Paytm to make digital payments. Over 30 percent participating in the survey reported an increaseintheuseofonlinepayments.

  4. COVID-19impactondigitalpaymentappsinIndia

  5. Growthintheusageof internetinIndia In a report, the number of active Internet users in India is projected to increase by 45% over the next five years, from about 622millionin2020to900millionby2025. People who have accessed the internet at leastonceinthepastmonth.

  6. GrowthintheusageofinternetinIndia

  7. "Indian Economy is one of the fastest growingeconomiesintheworldanditalso strengthening its roots in digitalization; SiddharthMehtaIL&FSDirector"

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