'Digital finance to create 21mn jobs in India by 2025'
Digital finance could boost India’s gross domestic product by $700 billion by 2025 and create 21 million new jobs, a McKinsey Global Institute report said. Digital finance, delivered through phones and internet, among others, will contribute nearly two-thirds of India's GDP rise. Globally, businesses could save costs worth $400 billion and 25 billion labour hours by switching to digital payments. 