New Delhi, Dec. 22 -- India has set a global benchmark in public welfare integrity by reducing leakage in its systems by nearly 13 per cent. According to a new report from the Boston Consulting Group (BCG), the country achieved this through major reforms in digital payments. This success shows how using technology can stop money from being lost or stolen before it reaches the people who need it most.

The report, titled "Closing the Trillion-Dollar Gap in Public Payments," explained that governments across the world give out more than USD 21 trillion every year to help citizens with pensions, healthcare, and basic needs. However, about USD 3 trillion is lost every year because of cheating, mistakes, or slow systems. India is now a leading...