Q.3) The digital payment boom in India is indicative of a larger paradigm shift in the ease of access to financial services. In light of this, examine the role played by JAM trinity in increasing financial inclusion in India. (10 marks)

“Mentor’s Comments”

https://indianexpress.com/article/opinion/columns/digital-payment-boom-financial-inclusion-covid-pandemic-7344673/
-In the intro, mention that India surpassed China in terms of number of digital payments.Β 
-In the body mention factors such as government policies, pandemic induced behavioral changes and innovations in fintech as some of the factors. In the next part, mention how JAM trinity helped in furthering the financial inclusion.Β 
– Conclude by mentioning the need to further encourage the innovation and formulating supportive policies.
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