While all these changes have been taking place from the perspective of customer initiated transactions, a whole set of changes have also been introduced from the perspective of government payments. From financial inclusion perspective as well as digitising government payments thus enhancing efficiency and transparency, the use of Aadhaar for beneficiary identification and authentication in payments has played an important role. 18.
We operate much closer to the technological frontier, and if we are to attract new capital, entrepreneurship and investment in innovation, our policies have to stand out internationally.