National dialogue on digital finance begins in Bhubaneswar
Bhubaneswar has emerged as a focal point for discussions on India’s technology-led economic transformation with the inauguration of the Black Swan Summit India 2026 on February 6. The two-day gathering has convened policymakers, regulators, industry executives, academics and international experts to deliberate on strengthening regulated digital finance ecosystems while expanding employment opportunities.
The event is being jointly organised by the Government of Odisha and the Global Finance and Technology Network under the BharatNetra initiative, signalling the State’s intent to position itself prominently within India’s evolving fintech landscape.
Strategic purpose of the summit
The summit’s core objective is to explore how fintech innovation, artificial intelligence and digital public infrastructure can be harnessed to deliver inclusive growth. Sessions are examining regulatory approaches that encourage innovation without compromising consumer protection, cybersecurity and financial stability. The platform also seeks to identify pathways through which emerging technologies can generate sustainable, high-quality jobs across both urban and rural regions.
President underscores responsible technology adoption
Addressing the inaugural session, President Droupadi Murmu emphasised that technological progress is advancing faster than institutional readiness and workforce skills. She noted that while digital innovation can accelerate economic development, it also introduces risks such as cybercrime, misinformation, deepfakes and overdependence on automated systems.
The President stressed that public–private forums are essential to shape policies that ensure technology strengthens trust, expands economic participation and supports job creation without widening social divides.
Emphasis on digital inclusion and skill development
The address highlighted that access to fintech services alone does not guarantee inclusion. Many citizens, particularly in remote and tribal areas, continue to face barriers due to limited digital literacy and infrastructure gaps. The summit therefore prioritises large-scale skill development, digital education and entrepreneurship support to ensure that technological adoption translates into broader economic participation.
Participants are also examining design approaches that intentionally integrate underserved communities into the digital economy, thereby reducing inequality while fostering innovation-led growth.
Odisha’s economic profile and investment readiness
Senior state officials outlined Odisha’s strengthening economic fundamentals, noting its sizeable working-age population and sustained fiscal stability over recent decades. These conditions are being projected as key enablers for attracting investments in financial technology, digital services and knowledge-driven industries.
The State has articulated ambitious medium- and long-term goals that include substantial job creation, accelerated economic expansion and enhanced resilience through improved urban infrastructure, disaster management capacity and greater participation of women in the workforce.
The Black Swan platform and future policy direction
The Black Swan Summit serves as a global policy forum that examines transformative economic and technological disruptions—often described as “black swan” events—and their implications for governance and markets. By bringing together governments, regulators, private sector leaders and international institutions, the initiative aims to craft forward-looking strategies that balance innovation, regulation and social impact in rapidly digitising economies.
Important Facts for Exams
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Black Swan Summit India 2026 was inaugurated in Bhubaneswar on February 6
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The event is co-hosted by the Government of Odisha and the Global Finance and Technology Network
Month: Current Affairs - February 08, 2026
Category: Economy & Fintech | Digital Governance