ਵੀਡੀਓ ਖੋਜੋ: #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 inਦੁਆਰਾ VARINDIA| 25 ਵਿਚਾਰ
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 vibਦੁਆਰਾ VARINDIA| 18 ਵਿਚਾਰ
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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Address by Sh. Rajeev Gupta, Secretary, Youth Affairs at "International Yoga Seminar"
Address by Shri. Rajeev Gupta, Secretary, Youth Affairs, Ministry of Youth Affairs & Sports, at the "International Yoga Seminar" organized by "Shri Ram Chandra Mission" in April, 2016
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न्यूयॉर्क की सड़कों पर मुस्लिमों ने सड़क जाम कर पढ़ी नमाज... || SudarshanNews
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You Become What You Think | Change Your Thought Change Your Life
Welcome to our latest video, "You Become What You Think" In this inspiring journey, we delve into the powerful philosophy that our thoughts shape our reality. Through a series of enlightening stories, expert interviews, and practical tips, we explore how positive thinking can transform your life.
What to Expect:
Inspirational Stories: Hear from individuals who have dramatically changed their lives through positive thinking.
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Boost Your Motivation: Feel empowered to tackle your goals with a new mindset.
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हमारे नवीनतम वीडियो "आप वही बनते हैं जो आप सोचते हैं" में आपका स्वागत है! ????इस प्रेरणादायक यात्रा में, हम उस शक्तिशाली दर्शन की गहराई में जाते हैं कि हमारे विचार हमारी वास्तविकता को आकार देते हैं। प्रेरक कहानियों, विशेषज्ञों के साक्षात्कार, और व्यावहारिक सुझावों के माध्यम से, हम यह खोजते हैं कि सकारात्मक सोच कैसे आपके जीवन को परिवर्तित कर सकती है।
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संबुद्ध सद्गुरु साक्षी श्री आपके जीवन की प्रमुख समस्याओं को बिना बताए स्वयं ही लिख देतेਦੁਆਰਾ Sadguru Sakshi Ram Kripal Ji| 17 ਵਿਚਾਰ
Bigg Boss 17 LIVE | Tissue Ko Lekar Isha Ne Samarth Se Kiya Jhagda
Bigg Boss 17 LIVE | Tissue Ko Lekar Isha Ne Samarth Se Kiya Jhagda
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ECI Press Briefing
Press briefing of Election Commission of India on completion of 2nd Phase of #LokSabhaElection2019 and State Legislative Assemblies elections.
#PollingDay #DeskKaMahaTyohaar #NoVoterToBeLeftBehind
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Rajasthan Chunav 2023: कांग्रेस उम्मीदवारों की चौथी सूची, क्या धारीवाल, राठौड़ व जोशी का टिकट कटा?
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Best XI for the second week of Cricket World Cup 2023 | Best performers of ODI World Cup 2023
Best XI for the second week of Cricket World Cup 2023 | Best performers of ODI World Cup 2023
Check here the top performers of the second week of ODI World Cup 2023. Here are the top players who have given their best to ensure their teams win the World Cup
This content contains the Best players from the second week of the world cup 2023.
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Best XI for the second week of Cricket World Cup 2023 | Best performers of ODI World Cup 2023ਦੁਆਰਾ CricTracker| 252 ਵਿਚਾਰ
आज का राशिफल 05 February 2024 AAJ KA RASHIFAL Gurumantra-Today Horoscope || Paramhans Daati Maharaj
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आज का राशिफल 2024
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12 राशियां और आप
https://www.youtube.com/watch?v=U676GTxdJqM&list=PL0N7ZGvupMUKeqbyhu35H33HLjkuUIxVZ
शनिदेव और आप 2024
https://www.youtube.com/watch?v=1RO1erU4G7g&list=PL0N7ZGvupMUKc7kMvrBQ9c_6lluOVYPiw
Yearly Rashifal कैसा रहेगा 2024
https://www.youtube.com/watch?v=AbRIyBjh5rk&list=PL0N7ZGvupMUK8ddjMQkLifNTsYD8JA0Ml
आप की राशि 2024 के 6 महत्वपूर्ण घटनाएँ और 6 उपाय
https://www.youtube.com/watch?v=FQ2S-yjxu_0&list=PL0N7ZGvupMULwlT1RCMRxz1GNm5DNMILR
Monthly February Rashifal 2024. February Horoscope 2024
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