International Journal of Academic Research and Development

International Journal of Academic Research and Development


International Journal of Academic Research and Development
International Journal of Academic Research and Development
Vol. 2, Issue 6 (2017)

Cash to cashless economy: An Indian perspective


Sumiran Kumar Rajak

A cashless economy is one with minimum circulation of physical currency. Complete absence of physical currency is still an imaginary situation for India since most technologically advanced economies of the world are still running on partially cashless system. Government of India is pushing Indian economy toward a cashless system post demonetization to curb the challenges of black money in the economy. But is India actually responding to government initiatives to digitalize the economy? Does India possess at present the necessary and sufficient infrastructure to support digital mediums of transactions? There is enormous scope for digital activities in the country but so far, the progress is not satisfactory. There are some steps that government must take to ensure cashless economy in near future.
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How to cite this article:
Sumiran Kumar Rajak. Cash to cashless economy: An Indian perspective. International Journal of Academic Research and Development, Volume 2, Issue 6, 2017, Pages 239-241
International Journal of Academic Research and Development International Journal of Academic Research and Development