A digital transformation has put India on a firm path to its goal of ‘developed country’ status by 2047

Further, the Jan Dhan-Aadhaar-Mobile (JAM) trinity synergized three systems to bring millions within the reach of formal banking and mobilize the collective power of micro savings, a goal that had proven difficult for decades. By April 2026, India had over 581.6 million Jan Dhan bank accounts, of which over 55% belonged to women.