Indians refuse to let go of cash
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Cash in circulation (CIC) in the Indian economy has risen sharply since demonetisation. CIC, which was 10.7% of GDP in FY18 has risen to 14.5% in FY21. Five years after demonetisation, most fintechs remain loss-making and must spend millions more to acquire customers and merchants. But cash—anonymous, convenient and handy—is still preferred by the average Indian.
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September 2025
2025 is shaping up to be the year of electric car sales. In a first, India’s electric vehicles (EV) industry crossed the sales milestone of 100,000 units in FY25, fuelled by a slew of launches by major players, including Tata Motors, M&M, Ashok Leyland, JSW MG Motor, Hyundai, BMW, and Mercedes-Benz. The issue also looks at the challenges ahead for Tata Sons chairman N. Chandrasekaran in his third term, and India’s possible responses to U.S. president Donald Trump’s 50% tariff on Indian goods. Read these compelling stories in the latest issue of Fortune India.