cashless economy

Basics
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Cashless economy not happening in India yet but the groundwork is laid

Nearly eight months after India’s Prime Minister Narendra Modi shocked the economy by banning 86 percent of the country’s currency, business has more or less returned to usual. On the one hand, that’s a testament to the Indian economy’s resilience. On the other, it also means that Modi’s hopes of creating a cashless economy will not be immediately realized.