India is accelerating adoption of the e-rupee by routing parts of its $80 billion welfare system through 10 pilot programs, including programmable subsidies spendable only at approved vendors. While usage remains far below UPI, India is also urging BRICS CBDC linkage ahead of the 2026 summit, aiming for interoperability and reduced reliance on the US dollar—amid geopolitical and trade risks.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
