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India eyes CBDC to patch welfare leaks and potentially rival China’s digital yuan scale
Economy
Published on 24 April 2026
A welfare overhaul could turbocharge India’s CBDC ambitions
India is moving cautiously on a central bank digital currency, aiming not just for payments tech but to reduce leakages in welfare delivery. Though its early rollout looks small next to China’s massive e-yuan adoption, officials believe a successful system could scale quickly—potentially making India one of the world’s biggest CBDC issuers.
- India’s CBDC push targets welfare leakages, not just digital payments
- China’s e-yuan adoption dwarfs India’s current efforts
- If adoption grows, India could become a major CBDC issuer
- Scale and traction are the make-or-break factors
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times