Abstract
The Indian economy has witnessed a significant surge in digital transactions in recent years, driven by the government's push for a cashless economy and the increasing adoption of digital payment systems. This paper provides a conceptual framework for understanding the positive and adverse impact of digital transactions on the Indian economy, highlighting its effects on financial inclusion, economic growth, tax revenue, and cybersecurity. The paper argues that digital transactions have the potential to transform the Indian economy, promoting financial inclusion, reducing transaction costs, and increasing tax revenue, but also pose significant challenges, including cybersecurity risks, job displacement, and digital divide.
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