India raises $73 bn in forex inflows at record pace
India has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBI’s 2013 FCNR(B) swap scheme, the finance ministry said.
Ten years after its inception, India's Unified Payments Interface (UPI) continues to revolutionize the nation's digital payment landscape, according to recent data from the Finance Ministry, RBI, CMIE, and the National Payments Corporation of India (NPCI). The fintech platform has achieved an annual growth rate of 20–30 percent, showcasing its rapid expansion and widespread adoption.
UPI's ongoing success is attributed to its user-friendly interface, seamless transactions, and robust security features, making it a preferred choice for millions of Indians.
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