ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The Adoption of Unified Payments Interface in India

This article examines the trend, pattern and rate of adoption of the Unified Payments Interface transactions in India. For estimating the results, the study utilises the generalised modified exponential function, which allows for more flexible S-shaped curves. Based on data from the Nation­al Payments Corporation of India, the number of UPI transactions is likely to increase more than sixfold in a span of five years’ period. The predicted rapid growth in UPI transactions has significant implications for the payments app developers, internet service providers, the NPCI, and the UPI regulator—the Reserve Bank of India.

Pandora Papers and Illicit Financial Flows

The revelations of Pandora and other papers indicating extensive use by Indian entities of the international financial system and offshore corporate structures fit in well with the empirical findings of this article that large scale illicit financial flows have taken place through trade misinvoicing in India’s trade with 19 countries over 2000–18. This article highlights that India is a net recipient of illicit flows, whose actual scale would be higher if commodity level trade data is used in estimating trade misinvoicing.

 

Writing Alternative Histories

Since the 1990s, historiography in India has experienced a shift which has led to directing academic focus on different regions in the country. This historiography shared its predecessor's concern with social and economic processes but departs from the latter in identifying trajectories of transformations in regions, subregions and localities. This article describes some of the landmarks that marked this shift towards regional history and also engages with the seminal works that marked this endeavour.

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