2,178 crore digital transactions recorded in FY20 till Nov 13: Prasad

Over 2,100 crore digital transactions were carried out in the country this fiscal up to November 13 as compared to 3,134 crore transactions in the financial year 2018-19, Parliament was informed on Wednesday. Over the years, there has been significant growth in digital payments in India, growing from 1,004 crore digital transactions in 2016-17 to 2,178 crore transactions in FY2019-20 (till November 13), Minister for Electronics and IT Ravi Shankar Prasad said in a written reply to Lok Sabha.

"In 2016-17, India has seen 1,004 (1003.67) crore digital transactions which reflects a year-on-year increase of 74 percent. In 2017-18, 2,071 crore digital transactions have been recorded with any-o-y growth of 106 percent, against the total target of 2,500 crores," he added. Prasad noted that in 2018-19, 3,134 crore digital transactions were recorded, translating into a y-o-y increase of 51 percent.

In response to a query on the current status of the Software Technology Park (STP) scheme and Electronic Hardware Technology Park (EHTP) scheme, Prasad said currently 2,306 units are operating under the STP scheme and 70 units are operating under EHTP scheme. "The total exports for the year of 2018-19 from STP units is Rs 4.17 lakh crore and from EHTP units is Rs 7,611.38 crore," he added.