An Empirical Analysis on Digital Payment Economy in India

Abstract

Actual purpose of the work, behind any kind of service in business should aware the economy of that concept and  present the world around the concept of card economy, so this paper can be support to analyze the percentage executions of annual turnover and outstanding of credit card and debit card  and also ratio comparison of credit card and debit card in the means of turnover and outstanding for 7years, from the year of 2014 to 2021. There is the  drastic growth in the turnover of credit card and debit card and same continued  from 2014 to 2019 even balance of payments also observed accordingly and also found declined growth and inclined pending in pandemic period between 2020 to 2021