New Delhi, Feb. 2 -- As India celebrated its 77th Republic Day last week, credit remains a pivotal pillar of its broader economic journey towards becoming a global power and leaping into the top three economies. India has been at the forefront of financial evolution and innovation over the past few years.

India, today, operates the world's most widely adopted real-time payment system through UPI, offering 24x7, near-zero-cost transactions, in contrast to developed economies that remain largely dependent on card-led, fee-intensive payment networks. In Dec 25, close to 695 million transactions were processed daily through UPI, with a value of over Rs.26 Lakh crores through the month. India is also among the few countries globally to offer ...