At the ET NOW Global Business Summit 2026, Union Minister Jyotiraditya Scindia described India’s digital transformation as a structural shift that has laid the groundwork for economic scale, global influence and technological leadership.
Framing the past decade as a turning point, Scindia said India is now positioned to convert what was once a “digital divide” into a “digital dividend.”
Here are five key takeaways from his address:
1. A Digital Highway Powering The Economy
Scindia said India has built an “invisible digital highway” that now underpins commerce, governance and business activity.
He described this sharp reduction as a “complete transformation,” calling low-cost data a foundational enabler of economic growth.
2. India’s Dominance In Digital Payments
India now accounts for nearly 50% of global digital transactions, Scindia said.
The Unified Payments Interface (UPI) processes close to 20 billion transactions per month — roughly 250 billion annually — amounting to about $4.3 trillion in value.
According to the minister, India’s digital payments infrastructure is not only powering domestic growth but also influencing global commerce, with digital connectivity extending to 190 countries.
Source: India Latest News, Breaking News Today, Top News Headlines | Times Now
