With the Digital India Initiative completing 11 years, the Unified Payments Interface (UPI) has processed nearly 24,000 crore transactions in one year and has been recognized by the International Monetary Fund (IMF) as the world’s largest real-time payment system.
According to the Central government, UPI transactions increased from just Rs 2 lakh crore in FY 2016-17 to over Rs 24,162 crore in FY 2025-26.
As of March 2026, DigiLocker hosts over 850 crore documents, making document storage and verification easier, especially for students. The UMANG app is currently being used by around 12 crore people, providing access to a wide range of government services.
On the manufacturing front, according to sources, while India imported 74 per cent of its mobile phones in 2014, by 2025, nearly 48 per cent of mobile phones will be manufactured in the country, reflecting the growth of domestic manufacturing.
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According to sources, 12 semiconductor projects have been approved, marking an important step towards establishing commercial semiconductor manufacturing in India and strengthening the country’s position in the global technology ecosystem.
Sources also highlighted the rapid expansion of the AI sector, saying India aims to be recognized globally for creating technology with real-world impact.
The digital economy now represents an increasingly larger share of India’s economy, and its continued growth is expected to boost the broader economy by driving innovation, productivity and investment.
Digital India completes 11 years on July 1, marking a milestone in India’s digital transformation journey.
As of February 2026, India has signed memorandums of understanding with 24 countries to collaborate on India Stack systems and digital public infrastructure (DPI), covering digital identity, payments, data exchange and service delivery. UPI now operates in more than eight countries, including the UAE, Singapore, France, Mauritius and Sri Lanka, strengthening India’s global presence in the fintech space.
