PulseExploreJournal ClubDebatesTrendingResearchersJournals
Instagram
HomeExploreJournal ClubTrending
Synapse
⌘+K
Synapse
March 22, 20260 citationsOpen Access

Digital Rupee and The Transformation of Global Payment Systems: Visioning India's Financial Leadership By 2047

View Full Paper
DCDineshkumar Ramjibhai Chavda

Key Points

  • This research focuses on the potential impact of the Digital Rupee on global payment systems and India's financial leadership.
  • Analysis of secondary data from Reserve Bank of India reports, BIS publications, and academic literature.
  • Evaluation of the role of Central Bank Digital Currency (CBDC) in payment systems.
  • CBDC can enhance payment efficiency and reduce transaction costs in international transactions.
  • It improves transparency in cross-border payments and supports global trade integration.

Abstract

The rapid evolution of digital financial technologies is reshaping global payment systems and internationaleconomic relations. In this context, the Digital Rupee (Central Bank Digital Currency – CBDC) introducedby the Reserve Bank of India represents a significant step toward strengthening India’s position in theemerging digital financial ecosystem. This paper examines the potential of the Digital Rupee in transformingglobal payment mechanisms and enhancing India’s financial leadership in the vision of Amrit Kaal @ 2047.The study aims to analyse the role of CBDC in improving cross-border payments, promoting financialinnovation, and supporting global trade integration. The research is based on secondary data, includingreports of the Reserve Bank of India, BIS publications, policy documents, and recent academic literature. Thefindings indicate that CBDC can enhance payment efficiency, reduce transaction costs, and improvetransparency in international transactions. The study suggests strengthening regulatory frameworks,expanding digital infrastructure, and promoting international collaboration to fully harness the DigitalRupee’s potential

Ask AI
Helpful
Bookmark
Share
View Full Paper

Cite This Study

Dineshkumar Ramjibhai Chavda (2025) studied this question.

synapsesocial.com/papers/69bf38f3c7b3c90b18b42dfbhttps://doi.org/10.5281/zenodo.19128407
Ask AI
Helpful
Bookmark
Share
View Full Paper