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A Road Map To Cashless Economy In India

Author

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  • Varma, Vijaya Krushna Varma

Abstract

The cashless economy should be achieved in the phased manner and step by step process instead of forcing it on people overnight without expanding/providing banking infrastructure to every nook and corner of the country, internet connectivity with high speed at cheap rate and unbroken power supply. The government should continue the demonetisation program of high valued notes one by one along with making the cashless transactions step by step and from top to bottom i.e; from the super-rich to rich; from the rich to middle class; from high valued goods to low valued goods; from luxury items to essential commodities

Suggested Citation

  • Varma, Vijaya Krushna Varma, 2016. "A Road Map To Cashless Economy In India," MPRA Paper 78891, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:78891
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    File URL: https://mpra.ub.uni-muenchen.de/78891/1/MPRA_paper_78891.pdf
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    More about this item

    Keywords

    cashless economy;

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

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