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What is Dominance of Cash in Indian Economy about?

The Indian economy remains heavily reliant on cash due to factors such as limited banking access, low financial literacy, and a significant unorganized retail sector. Despite government initiatives like demonetization and the Digital India campaign aimed at promoting digital payments, cash transactions continue to dominate. To transition towards a cashless economy, long-term strategies including education, infrastructure development, and trust-building in digital systems are essential.

Author

satyabratatripathy1512

Language

EN