From a Cash Economy to a Less-Cash Economy
- Author Meghna Meena
- DOI
- Country : India
- Subject : EAFM
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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