Is India Ready to Go Cashless?

Avinash Mishra

Abstract


8 November 2016, Government decision to demonetize the economy by declaring Rs 1000 and 500 notes as invalid legal tender took country into shock shackling economy and life. The idea behind going cashless was to curb the black money, unreported transaction and to hold the horses of corruption as 86% of transaction run through cash delivery.


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