Demonetisation: Cash Is Not King
Expansion of absolute cash in circulation has to be seen holistically with growth in GDP and uptick in digital transactions.
cash in circulation
December 2022
November 2022
December 2021
Currency in circulation falls during Diwali for first time in 2 decades: SBI
With the increased acceptance of digital payments in the country, the over reliance on cash is slowly fading away.
Indians refuse to let go of cash
Cash in circulation, which was 10.7% of GDP in FY18 has risen to 14.5% in FY21.
