Abstract

The convergence of sustainable payments digitalization and inclusive IT-enabled services export represents a pivotal nexus shaping the trajectory of global prosperity in the digital age. In the context of India, a burgeoning digital economy partially due to advancements in digitalisation and partially due to the government’s focus on the promotion of digitalisation, and a robust IT services sector underscore the significance of understanding the relationship between digital payments infrastructure and IT services exports. This study aims to unravel this intricate linkage by empirically examining the correlation between the Digital Payments Index (DPI) and exports of IT-enabled services from India. Drawing on a comprehensive dataset spanning digital payments indicators and IT services export data from official RBI reports, which hold the upmost authentic data, rigorous statistical analysis is employed to discern patterns of correlation and causation. By leveraging econometric techniques, including correlation analysis and regression modelling, this research endeavours to elucidate the extent to which advancements in digital payments infrastructure influence the export performance of India’s IT-enabled services sector.
The findings of this study hold profound implications for policymakers, businesses, and stakeholders alike. By providing empirical insights into the relationship between sustainable payments digitalization and inclusive IT-enabled services export, this research informs strategic interventions aimed at fostering sustainable and inclusive economic development.