PAPER ID:IJIM/Vol. 10 (VIII)December /5-10/2

AUTHOR: Mrs. Gurvinder

TITLE : FINANCIAL INCLUSION AND DIGITAL PAYMENTS GROWTH IN INDIA: A SECONDARY DATA ANALYSIS

ABSTRACT:Financial inclusion and digital payments have emerged as two of the most transformative forces within India’s financial ecosystem. With the expansion of banking networks, the rapid spread of mobile technology, and the government’s push toward a less-cash economy, India has experienced a significant shift in how citizens access, use, and perceive financial services. This study examines not only the trends and patterns but also challenges associated with financial inclusion and digital payments in India, drawing exclusively on secondary data from reliable national and international sources. With the help of descriptive and analytical approach, the present paper explores transformation since the early 2010s, the acceleration after the 2016 demonetisation, the impact of regulatory reforms, and the role of fintech innovations. Findings show that while digital payments have grownup exponentially particularly through UPI financial inclusion continues to face structural obstacles related to infrastructure, literacy, gender gaps, and socio-economic disparity. The study argues that India’s financial inclusion agenda is moving in the right direction but needs deeper behavioural change, improved digital safety, and region-specific financial infrastructure strengthening

KEYWORDS : Financial inclusion, digital payments, fintech, UPI, banking access, secondary data, India.

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