Question
The value of UPI transactions has grown from ₹ 1 lakh
crore in FY 2017-18 to ________ in FY 2022-23 at a CAGR of 168%.Solution
Unified Payments Interface (UPI) transactions have grown from 92 crore in FY 2017-18 to 8,375 crore in FY 2022-23 at a Compound Annual Growth Rate (CAGR) of 147% in terms of volume. Similarly, the value of UPI transactions has grown from ₹ 1 lakh crore in FY 2017-18 to ₹ 139 lakh crore in FY 2022-23 at a CAGR of 168%.
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