An Exploratory Study on Demonetization and the Transaction of India towards a Digital Economy

Jibu Pullattu

Abstract: The study titled 'Demonetization: The Growth of Indian Economy towards Digital Era'; is an exploratory study on the impact of demonetization and the transaction of India towards a digital economy. The study was based on the secondary data collected from the official website of the RBI and central statistical office. Aim of this study was to analyse the growth of digital economy in India and to examine the difference between demonization and CPI rates. By evaluating both we found there is a positive correlation between two variables. Developing new business models based on technology solutions and widening the scope of low - cost mobile platform for the easy availability of the basic banking services to every rural citizen, especially the tribal people can indeed accelerate India?s journey to a cashless economy.

Keywords: Demonetization, Business Models, Digital mode transactions, Digitalization, Cashless Economy

How to Cite?: Jibu Pullattu, "An Exploratory Study on Demonetization and the Transaction of India towards a Digital Economy", Volume 12 Issue 5, May 2023, International Journal of Science and Research (IJSR), Pages: 1906-1912, https://www.ijsr.net/getabstract.php?paperid=SR23522152517, DOI: https://dx.doi.org/10.21275/SR23522152517