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India's rapid growth as a digital economy UPSC NOTE

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  Report on Currency and Finance (RCF) for the year 2023-24 Reserve Bank of India published the Report on Currency and Finance (RCF) India i...

 Report on Currency and Finance (RCF) for the year 2023-24

  • Reserve Bank of India published the Report on Currency and Finance (RCF)

  • India is at the forefront of the digital revolution, leveraging on 

    • digital public infrastructure

    • a vibrant financial technology (FinTech) ecosystem 

    • a conducive policy environment 

  • Emerge as the fastest-growing digital economy in the world

  • The positive role played by the regulatory framework has led to consumers’ rising confidence in digital financial products

  • However, digital technologies also present challenges related to 

    • cybersecurity, data privacy, vendor and third-party risks, customer protection, upskilling and re-skilling of human resources, complex financial products and business models

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: India's rapid growth as a digital economy UPSC NOTE
India's rapid growth as a digital economy UPSC NOTE
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Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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