Reserve Bank of India-Digital Payments Index
Context:
Recently, RBI released a Reserve Bank of India-Digital Payments Index that incorporates the extent of digitisation of payments across the country.
Relevance:
GS-03 (Economy- Banking)
What is RBI-DPI?
- RBI-DPI captures the extent of digitisation of payment systemsΒ and measures the inclusion of digital payments in the country.
- It comprises of 5 parameters:
- Payment Enablers (weight 25%),
- Payment Infrastructure: Demand-side factors (10%),
- Payment Infrastructure: Supply-side factors (15%),
- Payment Performance (45%) and
- Consumer Centricity (5%).
- The report will be published on a semi-annual basis on RBI’s website from March 2021 onwards, with a lag of 4 months.
- It considers March 2018 as the base period.
Other Publications of RBI:
- Financial Stability Report (Half-Yearly)
- Monetary Policy Report (Half-Yearly)
- Consumer Confidence Survey (CCS – Quarterly)
- Inflation Expectations Survey of Households (IESH – Quarterly)
- Report on Foreign Exchange Reserves (Half-Yearly)