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Over 21 billion digital transactions carried out in FY20 till Nov 13: Govt

Prasad noted that in 2018-19, 3,134 crore digital transactions were recorded, translating into y-o-y increase of 51%

Press Trust of India  |  New Delhi 

Digital payments
Over the years, there has been a significant growth in digital payments in India

Over 2,100 crore were carried out in the country this financial year up to November 13 as compared to 3,134 crore transactions in financial year 2018-19, Parliament was informed on Wednesday.

Over the years, there has been a significant growth in in India, growing from 1,004 crore in 2016-17 to 2,178 crore transactions in FY2019-20 (till November 13), Minister for Electronics and IT said in a written reply to Lok Sabha.

"In 2016-17, India has seen 1,004 (1003.67) crore digital transaction which reflects year-on-year increase of 74 per cent. In 2017-18, 2,071 crore have been recorded with an y-o-y growth of 106 per cent, against the total target of 2,500 crore," he added.

Prasad noted that in 2018-19, 3,134 crore digital transactions were recorded, translating into y-o-y increase of 51 per cent.

In response to a query on the current status of Software Technology Park (STP) scheme and Electronic Hardware Technology Park (EHTP) scheme, Prasad said currently 2,306 units are operating under the STP scheme and 70 units are operating under EHTP scheme.

"The total exports for year of 2018-19 from STP units is Rs 4.17 trillion and from EHTP units is Rs 7,611.38 crore," he added.

First Published: Wed, November 20 2019. 17:50 IST
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