<ul><li>India's digital economy is estimated to constitute a fifth of GDP by 2026, according to RBI Deputy Governor Michael Patra.</li><li>India is uniquely positioned to unlock new growth avenues and optimize existing ones with its digital public infrastructure, vibrant IT sector, and large AI talent base.</li><li>Micro-level evidence shows that Indian banks have implemented mobile and internet banking, digital KYC, and digital lending, among other services.</li><li>Digitalization has led to significant productivity gains and cost reduction in banks, as well as improved customer experience.</li></ul>

India's Digital Economy To Reach One-Fifth Of GDP By 2026, Says RBI Deputy Governor Michael Patra

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