India completes same number of cashless transactions in a month as US does in three years, according to EAM Jaishankar

External Affairs Minister S Jaishankar, in a discussion with the Indian community in Nigeria, drew a parallel to illustrate India’s remarkable progress in digital public infrastructure, stating, “The number of cashless transactions the United States does in three years, India does in a month.” Emphasizing the widespread embrace of technology in India, he noted the significant reduction in cash transactions, highlighting that the country now achieves as many cashless payments in a month as the United States accomplishes in three years.

Jaishankar went on to highlight five key examples illustrating India’s transformative journey over the past decade. He underscored how the country effectively addressed challenges, rebounded economically, improved the lives of its citizens, gained global recognition, and demonstrated commitment to its diaspora.

Commending India’s response to the Covid-19 pandemic, Jaishankar expressed optimism and pride in the nation’s resilience. He noted that despite initial skepticism, India successfully navigated the waves of Covid, implemented lockdowns, and even began manufacturing medicines for global distribution. He lauded the efforts to repatriate seven million Indian citizens stranded abroad during the pandemic.

Jaishankar asserted India’s status as the fastest-growing economy globally and highlighted the positive shift in business sentiment toward New Delhi, leading to a record influx of investments. He observed the tangible signs of progress across the country, with ongoing projects in infrastructure development, such as metros, roads, airports, and railways. The minister remarked on the sense of rapid development prevailing in India, encompassing not only construction projects but also reflecting in the increased flow of investments and improved business sentiment.

During his visit to Nigeria, Jaishankar will co-chair the 6th India-Nigeria Joint Commission Meeting and engage with various leaders. Additionally, he will inaugurate the 3rd edition of the Nigeria-India Business Council meeting, address the Nigerian Institute of International Affairs, interact with CII Business delegates, and unveil the bust of Mahatma Gandhi. The EAM will also preside over the regional conference of Indian Heads of Missions, reinforcing the traditionally close and friendly relations between India and Nigeria. This visit is expected to further enhance bilateral ties between the two nations.