Explaining the Linkages Between Digital Payments and Economic Growth: Evidence from India

Sonu Madan () and Rajni Sharma ()
Additional contact information
Sonu Madan: Ch. Bansi Lal University
Rajni Sharma: Arya P.G. College

Chapter Chapter 14 in Digital Currencies in The New Global World Order, 2024, pp 217-233 from Springer

Abstract: Abstract The impact of digital payments on job creation and employment opportunities in India has been significant. It has played a crucial role in boosting employment rates and fostering economic growth in India. This study examines the relationship between digital payments and economic growth in India using quarterly data from 2011–12 to 2022–23. To determine the outcomes, the study employed an ARDL cointegration-bound testing approach. It has been found that the use of card payments and retail electronic payments has a favorable effect on India's economic growth. Prepaid payment methods and Retail electronic payments, however, have less of an impact on India’s economic progress. As a result, this study emphasizes the importance of card payments and retail electronic payments as a driving force behind India’s economic growth.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-4810-5_14

Ordering information: This item can be ordered from
http://www.springer.com/9789819748105

DOI: 10.1007/978-981-97-4810-5_14

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().