Former Chief Economic Adviser Highlights UPI's Potential to Boost Credit Over Transaction Fees
Following the Government of India's introduction of a Merchant Discount Rate (MDR) on large-value UPI transactions, former Chief Economic Adviser Krishnamurthy Subramanian emphasized that UPI's main economic potential lies in enabling credit creation rather than generating transaction fees. He highlighted India's low credit-to-GDP ratio and uneven credit access for small enterprises and rural areas. Subramanian noted that UPI provides a digital record of economic activity, allowing banks to underwrite loans to previously credit-invisible borrowers, potentially fostering economic growth and job creation through increased credit availability.
First-hand measurement across 5 sources
We measured how 5 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is positive (74/100). Lens Score 43/100.
Outlets measured: moneycontrol, moneycontrol, moneycontrol, moneycontrol, moneycontrol. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (72–75/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
moneycontrol broke this story on 15 Sept, 06:39 pm. Other outlets followed.