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AnalysisICRIERWednesday, 16 September 2026

The future of UPI depends on getting MDR formula right

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Research or analytical publication — an evidence-based assessment informing policy design and evaluation. Shapes the intellectual framework within which policy debates occur.
Key Facts
TypeAnalysis
SourceICRIER
PublishedWednesday, 16 September 2026
Affected Population~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
Key Authorities
Ministry of Electronics & ITTRAICERT-In
Key Stakeholders
Internet UsersTech CompaniesStartups
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Explore Sectors
Digital & Technology296 tracked→
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