Artha: Journal of Business and Finance

DIGITAL RUPEE – Transforming India’s Financial Future

Ankita Kumari

Bennett University

Keywords: DIGITAL RUPEE – Transforming India’s Financial Future, Digital Rupee, Reserve Bank of India, Digital Payment

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Abstract

The rapid shift towards digital payment systems has acceler- ated, prompting central banks across the world to consider Cen- tral Bank Digital Currencies (CBDCs). Here, the Reserve Bank of India (RBI) has launched the Digital Rupee (e₹) to streamline payment processes, reduce management of cash expenses, and promote financial inclusion. The paper reflects on the concept, design, opportunities and challenges of the Digital Rupee in In- dia, utilising secondary data published by RBI and more recent academic literature. The current literature suggests that people have become more aware and have a positive attitude toward adoption, presenting a great opportunity to adopt digital govern- ance and cross-border payments. Nevertheless, the issues of digital exclusion, cybersecurity, and privacy are still critical. As it is presented in the article, the effective implementation of the Digital Rupee should be staged with the help of digital literacy programs and effective regulatory protection

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Author Biography

Ankita Kumari, Bennett University

nkita Kumari is currently pursuing a Mas- ter of Business Administration (MBA) in Finance at Bennett University, Greater Noida. She holds a Bachelor of Commerce (Honours) degree in Accountancy from Patliputra University, Patna, and is cur- rently working as a Finance Intern at JAS Worldwide. Her aca- demic and research interests include fintech, digital payments, business analytics, and financial innovation. Her article, “Digital Rupee – Transforming India’s Financial Future,” reflects her in- terest in digital finance and its implications for the Indian econ- omy.

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References

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