• Dr. Veeresh Kumar Ram

The rapid growth of e-transactions in India has significantly impacted the economic landscape of the country. This study explores the adoption and impact of digital transactions, focusing on their roles in promoting financial inclusion and economic growth. A mixed-methods approach was employed, combining surveys, interviews, and focus groups to gather data from urban and rural regions throughout India. The study utilised statistical tools such as regression analysis and structural equation modelling to identify the relationships between various factors influencing e-transaction adoption. Economic models, including the Technology Acceptance Model and Diffusion of Innovations Model, were applied to understand the spread and acceptance of digital payment systems. The findings revealed substantial growth in digital transactions, particularly in urban areas and among younger demographics. E-transactions have positively impacted financial inclusion, with more individuals gaining access to formal banking services. Government initiatives, such as demonetisation and the Digital India campaign, have accelerated the shift towards digital payments. This study highlights the advantages of e-transactions, such as enhanced financial transparency, reduced transaction costs, and improved efficiency in monetary policy implementation. However, challenges such as cybersecurity risks, the digital divide, and potential job losses in traditional financial sectors were also identified. This study recommends investing in digital infrastructure, implementing digital literacy programs, and developing robust cybersecurity measures and consumer protection policies to maximise the benefits of e-transactions. Future research should focus on the long-term economic impacts of digital transactions, the potential of emerging technologies such as blockchain and artificial intelligence, and the interplay between e-transactions and other sectors of the digital economy. The findings of this study contribute to the understanding of the evolving economic landscape in India and provide valuable insights for policymakers and stakeholders to promote inclusive and sustainable economic growth through digital transactions.

E-transactions, Digital transactions, Financial inclusion, Economic growth, Demonetization, Digital India campaign and Unified Payments Interface (UPI)

"The Evolution of Digital Payments in India: A Comprehensive Analysis of E-Transactions' Role in Shaping Economic Growth", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 10, page no.b334-b344, October-2025, Available :http://www.jetir.org/papers/JETIR2510149.pdf

"The Evolution of Digital Payments in India: A Comprehensive Analysis of E-Transactions' Role in Shaping Economic Growth", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 10, page no. ppb334-b344, October-2025, Available at : http://www.jetir.org/papers/JETIR2510149.pdf