Assistant Professor of Economics, Department of Economics, B M Shetty Government First Grade College, Konanur, Arakalagudu taluk, Hassan, Karnataka, India, Email id: sathya956@gmail.com
Online published on 8 September, 2021.
Moving towards cash to a cashless economy is one of the major transformations in the Indian economy. In this view, the present paper examines the currency -GDP ratio and the burden of the cash economy in India. It is found that there is a high positive correlation between total expenditure and expenditure for the printing of notes by RBI. It is suggested that adopting a cashless economy is the best medicine to getting out from the burden of the cash economy in India. This paper is purely based on the Reserve Bank of India’s data.
Banking, Cash, Cashless Economy, Digital Payments, GDP
