Digital payments jump tenfold to Rs 11.3 lakh crore on GST 2.0 launch

Digital payments surged nearly tenfold to Rs 11.31 lakh crore on the first day of GST 2.0, driven by Navratri sales and GST cuts. This unprecedented increase was fueled by heightened consumer sentiment and festive discounts, with RTGS transactions showing the largest jump, indicating increased spending on high-value items. The trend is expected to continue through the festive season, with significant boosts seen in credit and debit card spending on e-commerce platforms.