Value of digital transactions in India FY 2020-2027

Published by Sandhya Keelery, Aug 30, 2024
In financial year 2023, over 103 billion digital transactions worth over 166 trillion Indian rupees of transactions took place across India. The transaction value was estimated to rise up to 518 trillion Indian rupees in financial year 2027 in the country.

Value of digital transactions across India in financial year 2020 and 2023, with estimates until 2027 (in trillion Indian rupees)

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Release date

May 2023

Region

India

Survey time period

FY 2020 and FY 2023

Supplementary notes

*Estimates.

Includes UPI, cards, NETC and PPIs

One Indian rupee is equal to 0.013 U.S. dollars and 0.012 euros (as of April 2022).

India's financial year begins in April and ends in March. For example, FY 2017 started in April 2016 and ended in March 2017.

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