Digital Currency and its Implications for India

Authors

  • Manpreet Kaur Associate Professor, Bharati Vidyapeeth Institute of Management and Research, New Delhi

DOI:

https://doi.org/10.33516/maj.v54i11.64-67p

Keywords:

No Keywords.

Abstract

The demonetization of currency in year 2016 by Modi government revolutionized the movement towards usage of digital payment methods in India. Though it was strenuous decision for country like India where 90% of the transactions are in cash, people adopted digital mode of payments in short span of time. The adoption of digital methods for payments is facilitated by phenomenal increase in ownership of smart phones and presence of user friendly payment modes like PAYTM and BHIM UPI. The paper tries to explore the global trends in digital currencies in selected countries and tries to examine the implications of digital currency for India through SWOT analysis.

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Published

2019-11-30

How to Cite

Kaur, M. (2019). Digital Currency and its Implications for India. The Management Accountant Journal, 54(11), 64–67. https://doi.org/10.33516/maj.v54i11.64-67p

Issue

Section

Money-Digital Currency

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