The president highlights the dangers of online fraud and urges that digital literacy be taught in schools.

President Droupadi Murmu warned that online financial theft can wipe out life savings and cause “severe mental and social distress,” which is why he urged for the inclusion of digital and financial literacy in school curricula on Friday. Speaking at the “Black Swan Summit India 2026” in Bhubaneswar, which was organized by the Global Financial Technology Network and the Odisha government, Murmu claimed that in addition to creativity, rapid technology growth has introduced cybersecurity risks, data flaws, and false information.

Online financial fraud can cause people to lose their life savings… It is therefore essential to create awareness among citizens so they remain vigilant and alert to prevent such fraud,” she said. She outlined the actions the government has taking to address the issue, such as the creation of the Cyber Fraud Mitigation Center, the Citizen Financial Cyber Fraud Reporting and Management System, and the Indian Cyber Crime Coordination Center.

“Ensuring digital and financial literacy is essential to deter online financial fraud. This can be made part of the school curriculum so that the advantages and disadvantages of technology are understood at a young age,” the President said.

Murmu emphasized that gender justice should also be considered when examining India’s fintech narrative. She pointed out that women own more than 56% of the 570 million Jan Dhan accounts that have been opened in the previous 11 years. She also drew attention to the ongoing gaps in digital inclusion, particularly among those who live in rural, remote, and tribal areas who are unfamiliar with digital tools.

The president brought attention to India’s next AI Impact Summit, which is scheduled for later this month in New Delhi and is anticipated to attract participation from about 100 nations. According to her, the goal of the government’s India AI Mission is to make sure that AI is viewed “not just as a technological advantage, but as a strategic tool to enable inclusive growth.” The transition has been fueled by favorable government policies and innovation in digital and financial systems, according to Murmu, who described India as the major economy with the fastest rate of growth, on course to become the third largest in the world. In order to discuss artificial intelligence, fintech innovation, sustainable finance, digital public infrastructure, and the empowerment of micro, small, and medium-sized businesses, the two-day summit gathered together investors, financial institutions, technologists, and legislators.