In 2023, the value per inhabitant of payment transactions in India was recorded. From 2024 onwards, a gradual increase is projected with values reaching 13.65 by 2028. The year-on-year growth is minimal at about 0.01% annually based on forecasts. This indicates a stable and slightly upward trend over the five-year period.
Future trends to watch for include:
- The impact of digital payment technologies and innovations on transaction value per inhabitant.
- Changes in consumer behavior and purchasing power influenced by economic policies.
- Regulatory updates that could affect the payment infrastructure and market dynamics in India.