New Delhi : India's economy is expected to reach fourth place in the world in the year 2025. Despite global challenges, India's economy remains resilient, providing the country with a new opportunity towards global leadership.
millions of people became empowered
India's digital transformation is empowering millions of people. Data, identity and payments have been democratized through digital infrastructure like India Stack. This change is boosting economic growth, but it requires a holistic effort to accelerate it. Key factors to be focused on to achieve the 'Developed India' target of $30 trillion by 2047.
Tourism sector moves forward
More than 65% of people aged 15-64 years in India are about to enter working life. In such a situation, 'skill' is being seen as a major development driver. Public-private partnerships with the government, such as skill development in the tourism sector, can play an important role in generating employment opportunities for the younger generation.
AI and economic progress
Widespread use of AI in India, especially in the fields of payments and security, can give a new direction to the country's economy. Visa has used AI in the payments sector for over 30 years and is contributing to providing secure and seamless experiences for the country's growing digital economy.
digital payment
The digital payment system is expanding rapidly in India. Under the leadership of the Prime Minister, digital transactions are increasing and systems like UPI have gained global recognition. In partnership with Visa, digital financial literacy is being spread across rural areas of the country, benefiting millions of people.
Empowering SMBs
Small and medium businesses in India contribute about 30% to the GDP, but these businesses face problems like lack of capital and lack of digital knowledge. Visa and Visa Foundation have launched several initiatives to promote financial literacy and skill development for women entrepreneurs.
Investment and Connectivity
Investment in India's infrastructure, such as highways, railways and airports, is increasing connectivity. This is proving beneficial for tourism and local economies. Visa has successfully implemented contactless public transportation projects in several countries, and similar efforts will be made in India. Visa aims to promote digital inclusion, financial empowerment and cyber security. With the cooperation of government, private sector and civil society to realize India's development journey, we can establish a strong global economic leadership.
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