An IMF working paper says Indias digitalisation of public administration has raised productivity in MSMEs, with the biggest gains in states that rolled out more reforms. The study credits simpler digital systems for reducing compliance costs, improving transparency, and enabling faster growth for smaller firms—while also helping narrow productivity differences across the country.
Finance Minister Nirmala Sitharaman said India’s growth is being sustained by domestic consumption and that predictable policy support is crucial to keep GDP momentum steady. She also flagged work underway to review the “open architecture” framework for banks selling third-party products, stressing that even as digitalization accelerates, banks must prioritize strong customer connect.
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