व्हिडिओ शोधा: #abb
India card payments market
The primary factor driving the growth of the market in the region is the rising adoption of #digitalpayments supported by government initiatives and strong growth in E-commerce, among others.
As per #GlobalData, card payments value in India registered a strong growth of 26.7% in 2022, supported by improving economic conditions. This trend is expected to continue in 2023 and India’s card payments market is set to grow at a CAGR of 18.7% between 2022 and 2026 to reach Rs 43.3 trillion ($581.1 billion) in 2026.
Experts say that, India, which is primarily a cash-driven economy, made robust progress in the adoption and usage of card payments supported by consumers’ increasing preference for electronic payments, improvement in payment infrastructure, and constant efforts by financial authorities to increase financial inclusion and boost cashless payments.”
The introduction of low-cost banking services under Pradhan Mantri Jan Dhan Yojana program, the appointment of banking correspondents to serve remote population, the launch of payments banks, and the reduction of merchant fees on card-based payments are some of the initiatives from government and the central bank that led to rise in card payments in the past few years.
The post-pandemic recovery in card payments is mainly driven by credit and charge cards, with this card category growing by 39.2% in 2022, as consumer spending increased on travel, accommodation, restaurants, and transportation. Regular benefits such as loyalty programs, discounts, and availability of instalment facilities are also aiding to rise in credit and charge card usage.
The card payments market, however, is witnessing some hiccups due to the rising inflation rate as the country’s central bank is on an interest rate hike path to control inflation. The repo rate was increased in phases to 6.50% in February 2023 from 4.40% in May 2022, making credit costlier for consumers.
The card payments inच्या कडून VARINDIA| 32 दृश्ये
Atmanirbhar Bharat is reinventing the defence sector
Due to the policies of the government in the defence sector, especially in defence production, the country is becoming increasingly self-reliant. Of all approvals accorded for modernisation of armed forces in 2020-21, 87% were from the 'Make in India' category. India has a domestic defence industry of which 80% is government owned. The public sector includes DRDO and its 50 labs, 4 defence shipyards, 12 defence PSUs. India has a new defence procurement, acquisition and manufacturing policy to reduce imports and enhance domestic manufacturing. India is poised to expand its footprint in foreign defence markets. The world has taken note of the BrahMos deal. And several other Asian and African countries could be potential buyers of the missile. There are several other indigenous platforms that hold good export potential. The focus on boosting exports comes along with a renewed thrust on indigenisation of weapons and systems. India's defence exports have recorded nearly a six-fold increase between 2017 and 2021, growing from ₹1,520 crore to ₹8,435 crore. Defence items being exported by India include missiles, the advanced light helicopters, offshore patrol vessels, personal protective gear, surveillance systems and a variety of radars. In the Indian context, the nation continues to face both conventional and non-conventional threats from its two inimical neighbours, the threats manifesting the entire spectrum of conflict on land, in the maritime domain, in the air and in space and outer space. This speaks to the need to have a strong defence architecture to negate all such threats.
However, despite having a large defence public sector, there have been serious weaknesses in the indigenous production of land systems, as well as platforms for the Navy and the IAF which has impacted India’s defence capability. Since the last seven years, however, we are seeing a distinct change in government policies, which are now aiming to establish a strong and vibच्या कडून VARINDIA| 41 दृश्ये
Stocks in news: ABB,Vedanta, Mahindra Logistics and CEAT
Here are the top stocks that are likely to be in focus in today's trading.
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वैशिष्ट्यीकृत चॅनेल
वैशिष्ट्यीकृत व्हिडिओज
Modi Cabinet 3.0 में मंत्री बनने के लिए सांसदों को आने लगे फोन, जानें किन नेताओं को आया फोन?
Modi Cabinet 3.0 में मंत्री बनने के लिए सांसदों को आने लगे फोन, जानें किन नेताओं को आया फोन?
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गिर जाएगी Modi Sarkar,JDU की दो टूक, INDIA से हमें ऑफर | Nitish Kumar | N.Chandrababu Naidu |#dblive
गिर जाएगी Modi Sarkar,JDU की दो टूक, INDIA से हमें ऑफर | Nitish Kumar | N.Chandrababu Naidu |#dblive
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Exclusive Interview with Netherlands Cricketers | ICC ODI World Cup 2023 | CricTracker
Exclusive Interview with Netherlands Cricketers | ICC ODI World Cup 2023 | CricTracker
The Netherlands cricket team is gearing up for the ICC ODI World Cup 2023, which will be held in India from October 6 to November 26. The Dutch have qualified for the mega event after a remarkable performance in the World Cup Qualifier, where they defeated the likes of West Indies, Zimbabwe, and Nepal. They have also announced their 15-member squad, which includes some experienced players like Roelof van der Merwe, Colin Ackermann, and Wesley Barresi, as well as some young talents like Max O'Dowd, Bas de Leede, and Aryan Dutt.
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Exclusive Interview with Netherlands Cricketers | ICC ODI World Cup 2023 | CricTrackerच्या कडून CricTracker| 970 दृश्ये
क्या इजराइल, फिलिस्तीन और हमास का युद्ध विश्व युद्ध की ओर जा रहा है ? || SudarshanNews
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Bigg Boss 17 LATEST VOTING Trend | Kaun Hoga Ghar Se Beghar? | Isha, Samarth, Manasvi, Sana, Arun
Bigg Boss 17 LATEST VOTING Trend | Kaun Hoga Ghar Se Beghar? | Isha, Samarth, Manasvi, Sana, Arun
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