Blurb
India’s digital economy emerges as a growth pillar, with experts stressing innovation, trust, cybersecurity, and inclusive digital payments for sustainable economic and social progress.
New Delhi
India’s digital economy has emerged as a key pillar of the country’s future economic and social advancement, experts said at a conclave on digital payments held in the national capital. They highlighted the need to balance innovation with trust, resilience, consumer protection, and inclusive growth to sustain the momentum of digital transformation.
The Digital Payments conclave was organised by Chintan Research Foundation in partnership with Ikigai Law and Koan Advisory Group. The event brought together policymakers, regulators, industry leaders, legal experts, technologists, and researchers to discuss the future of India’s digital payments ecosystem and the policy framework required for its expansion.
In his inaugural address, Sanjeev Ahluwalia said Digital Public Infrastructure (DPI) and digital payments have played a transformative role in expanding financial inclusion and improving economic efficiency.
Deepak Mishra said digitalisation cannot simply be adopted from elsewhere but must be built on strong human capital, institutional trust, and sustained investment. He added that current users of artificial intelligence (AI) could become future innovators if they engage with emerging technologies responsibly.
Rajat Kathuria highlighted that India’s digital public infrastructure, built on trust, can boost productivity through research, data infrastructure, and high-value digital services. However, he stressed the importance of protecting identity, consent, and accessibility.
Experts also discussed the next phase of digital payments. National Payments Corporation of India former COO Balakrishnan Mahadevan said the future of Unified Payments Interface should focus on resilience, redundancy, and AI-based fraud detection.
Participants also called for stronger cybersecurity measures, improved consumer awareness, and coordinated efforts to tackle digital fraud. They said these steps will help build a secure, inclusive, and globally competitive digital payments ecosystem aligned with India’s vision of Viksit Bharat 2047.
