Digital payments in India grew 29% annually at March-end 2022: RBI
Digital payments across India grew nearly 29% in a year through March 2022, as per RBI's digital payment index (DPI). The index, which is constructed using March 2018 as its base period, stood at 349.3 in March 2022 against 270.59 in March 2021. "DPI has demonstrated significant growth, representing rapid adoption and deepening of digital payments," RBI said.