If you want to experience the example of a single “innovation transforming a country”, it would surely look like India’s Unified Payments Interface (UPI), the instant payment system developed in India and now getting exported across the globe. It’s a great omen that the government is leading from the front. Today, India does more digital transactions than that of the US, China, and Europe put together.

According to the Reserve Bank of India Governor Shaktikanta Das, UPI transactions now account for 80 percent of all digital payments in India, while the country accounts for 46 percent of all digital payments in the world. Indeed, the market’s newfound trust in the FinTech ecosystem can also be traced back to UPI’s over whelming success.

India's success in digital transactions can be attributed to the launch of Digital India in 2015. Prime Minister Narendra Modi’s defined aims - technology should improve the lives of citizens, impact governance and democracy and further expand and create an architecture for an innovative economy - have been a crucial part of this success. Over the past nine years, India has taken the lead in creating technologies as opposed to being a mute spectator and consumer of technology. If this unique story is not enough inspiration for entrepreneurs, the life of the business legend Ratan Tata, who left us recently, must be ample. From Tata Salt to Tata Nano and Zudio, he dedicated his life to building businesses that changed people’s lives. Solving societal challenges with futuristic technologies and innovations with foresight is a great way to succeed. Remember, India-problems always require India-solutions. We present this year’s special issues based on India’s technology business ecosystem. Do let us know your thoughts.