From a Cash Economy to a Less-Cash Economy

Meghna Meena

From a Cash Economy to a Less-Cash Economy

Keywords : Demonetization, digital payments, m wallet


Abstract

Reducing Indian economy’s dependence on cash is desirable for a variety of reasons. India has one of the highest cash to gross domestic product ratios in the word, and lubricating economic activity with paper has costs. This article helps in understanding the Factors that determine transition to a cashless economy. This article also examines the advantages of cashless economy and governments efforts towards it. This article is based on secondary data collected from government reports, magazines and newspapers.

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