- “The Institute for Development and Research in Banking Technology (formed by the Reserve Bank of India) has revealed that the digital economy sector in India is expected to ‘double its output as early as 2025.’
- These developments have made India the second largest digital ecosystem with more than 700 million Internet users, the report claims. It further noted that these numbers are on track to ‘increase to 829 million by 2021, with the number of smartphones doubling to approximately 800 million in this period.’
- As reported recently, Google India Country Manager and VP, Sajay Gupta has stated that AI could add $500 billion to the nation’s economy. Fintech payments apps are also being widely-adopted throughout India, with Google Pay claiming a 43% market share.”
https://www.google.com/amp/s/www.crowdfundinsider.com/2021/01/170888-ai-and-digital-tech-adoption-in-india-to-help-banks-and-financial-institutions-with-streamlining-operations-report/amp/
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