India on path to largest number of cashless transactions in world; EAM

External Affairs Minister S. Jaishankar has said that India is moving ahead to record the largest number of cashless transactions in the world. Speaking at the 'Raisina@Sydney' Business Breakfast in Australia on Saturday, he said the digital transaction is ensuring the integrity of delivery of various schemes.  Dr. Jaishankar said, this record number of digital transactions would not have been possible without opening bank accounts in large numbers. He said digital governance has now become the basic mechanism today to do socio-economic delivery. Dr. Jaishankar said that in the last four years, India has been able to cover about 500 million people in health schemes, about the same number covered by pension schemes.

-Transformational governance changes underway in India are showing results. Strong digital backbone paving the way for efficient and effective delivery.

— Dr. S. Jaishankar (@DrSJaishankar) February 18, 2023

Raisina@Sydney Business Breakfast was organized jointly by the Australian Strategic Policy Institute (ASPI) and India's Observer Research Foundation (ORF) in Sydney. Jaishankar also met Australia's top leadership, including Prime Minister Anthony Albanese, on Saturday and discussed the bilateral strategic partnership, economic opportunities, people-to-people ties, besides exchanging ideas on the Indo-Pacific region and cricket.