Abstract

This article presents a longitudinal development of digital finance in India. The article presents the growth of digital finance in India from the 1950s to 2022. It discusses various legislations, litigations and civil society activism in the initialization of digital finance in India. Consequently, this article studies the institutional development of digital finance in India using an institutional work framework. Further, it draws on institutional voids and institutional work framework to reflect the present state of digital finance and what must be done to ensure that it is more inclusive and protects its users' property rights. The article’s works in the case of the institutionalisation of digital finance in India and its studies the development of digital finance in India using expert interviews and secondary data analysis.

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