Book Title: Shaping the Future: Innovation, Sustainability, and Inclusive Growth in a Globalized Economy
Editors: Editors: Dr. Shanu Singh, and Dr. Yashmita Awasthi
Student Editor: Krishna Singh Rawat
ISBN: 978-93-7183-006-5
Chapter: 11
DOI: https://doi.org/10.59646/725/11
Authors: Ms. K. Agusta, and Dr. R. Nalini
Abstract
The rapid advancement of digital technology has greatly changed the overall structure of financial systems, and as a result, Digital Financial Inclusion (DFI) is now considered one of the most important agents driving inclusive and sustainable development. In India, programmes such as UPI and JAM have greatly improved access to finance, with nearly 99.8% of the country’s financial transactions being conducted digitally and the Financial Inclusion Index reaching 67.0 by 2025. However, despite having made significant progress in terms of inclusive access to finance, the actual use of DFI services by individuals remains unequal because of lower levels of digital financial literacy (when compared to their general level of financial literacy), including only about 27% of adults being financially literate.