Digital Rupee and The Transformation of Global Payment Systems: Visioning India's Financial Leadership By 2047

The rapid evolution of digital financial technologies is reshaping global payment systems and internationaleconomic relations. In this context, the Digital Rupee (Central Bank Digital Currency – CBDC) introducedby the Reserve Bank of India represents a significant step toward strengthening India’s position in theemerging digital financial ecosystem. This paper examines the potential of the Digital Rupee in transformingglobal payment mechanisms and enhancing India’s financial leadership in the vision of Amrit Kaal @ 2047.The study aims to analyse the role of CBDC in improving cross-border payments, promoting financialinnovation, and supporting global trade integration. The research is based on secondary data, includingreports of the Reserve Bank of India, BIS publications, policy documents, and recent academic literature. Thefindings indicate that CBDC can enhance payment efficiency, reduce transaction costs, and improvetransparency in international transactions. The study suggests strengthening regulatory frameworks,expanding digital infrastructure, and promoting international collaboration to fully harness the DigitalRupee’s potential