Page 28 - NIS English 01-15 July,2025

COVER STORY | Economy

Digital Payment Revolution
Whether there is a wallet in the pocket or not, people now
go to the market with a mobile in hand because the Unified
Payment Interface (UPI) has made the path easy for both seller
and buyer. The use of UPI and RuPay cards is spreading across
borders. UPI payment is now enabled in the UAE, Singapore,
Bhutan, Nepal, Sri Lanka, France, and Mauritius.

UPI transactions increased 10
times in the last 5 years 49%

Lakh crore Lakh crore digital payments are
of global real-time

21.3 213.8 made in India.

FY 2019-2020 FY 2024-25
(till June 25) (ACI Worldwide Report 2024)

Aatmanirbhar Bharat Package

During the period of COVID-19, when the whole world was at a standstill, through the Aatmanirbhar
Bharat package, the government not only supported the economy but also took care of the common man
as well as the industries. 60.49 lakh beneficiaries were given benefits under the Aatmanirbhar Bharat Rojgar
Yojana till January 2024. The scheme was launched in October 2020 to create new jobs and encourage
employers to re-establish jobs lost during the COVID-19 pandemic.
₹29.8 Aatmanirbhar

Bharat package

keep India’s
lakh crore was started to
economy strong
during COVID-19.

TAKING INDIAN ECONOMY TO NEW infused new enthusiasm in it so that the youth
HEIGHTS can ensure their participation in it. For the entire
India is a country where 50 percent of the country to participate in development, for the
population is below 25 years of age. This is a first time, the central government has named 115
country that is constantly growing, full of youthful backward districts as aspirational and said that
enthusiasm and ideas. But, the general budget, now the development of the economy is not just
which is the resource available to the central about meeting the needs of Delhi and Mumbai.
government to take the country’s economy Rather, everyone has to be made a partner in the
forward, was limited only to the activities of formal economy by ensuring access to facilities
income and expenditure. But, Prime Minister Modi till the last mile delivery because basically, people

26 NEW INDIA SAMACHAR || July 1-15, 2025