Five years after note ban, cash in use now at record 14.5% of GDP – Times of India

MUMBAI: The ratio of currency in circulation as a proportion of GDP touched a new high of 14.5% for fiscal 2020-21. The surge came as the pandemic increased the demand for cash and shrunk the GDP. At the same time, the surge in every form of digital payments continues on the fifth anniversary of demonetisation… Continue reading Five years after note ban, cash in use now at record 14.5% of GDP – Times of India