CASHLESS ECONOMY- A STUDY ON ITS BENEFITS AND ROAD AHEAD IN INDIA

  • Prof. Blesson James Asst. Professor, Christ College Pune – 411014
  • Dr. Anil B. Adsule Principal, St. Vincent College of Commerce, Pune

Abstract

Demonetisation of high denomination currency notes of Rs 500 and Rs 1,000 has proved to be an experiment too risky for the government and too testing for the general public. The central government had pushed to make a sudden change in the monetary system of India; However India was not in a state to accept the change. Cashless India was a dream and to a greater extent still remains as a dream. This paper seeks to study the cashless payment in India and its impact and challenges specifically post demonetisation. Keywords: Demonetisation, Cashless Economy, Digital/Electronic payments, Benefits and Challenges on Cashless Economy

Author Biography

Prof. Blesson James, Asst. Professor, Christ College Pune – 411014
Professor
Published
2018-03-16