India’s ambition of becoming a USD5 trillion¹ economy depends on the strength of its public finance management (PFM) system. A robust and efficient PFM ensures that every rupee collected is used effectively. It supports revenue mobilisation, prudent expenditure, accountability, and transparency. Together these create the fiscal space required for high-impact investment, innovation and social welfare. The true measure of government programmes is the value they deliver to citizens and the impact they create in the wider economy. Traditional methods of managing public finances face recurring problems such as inefficiencies, delays in delivering funds to beneficiaries, and a lack of transparency. With government transactions becoming more complex, the data footprint expanding rapidly, and the demand for real time accountability increasing, older approaches are no longer adequate. […]