ABSTRACT
On November 8, 2016, India has seen a few historic announcements from the prime minister’s office in relation to cancelling the high denomination of 500 and 1000 rupee notes with an objective.
Even as ordinary citizens queue up for cash and economists are busy estimating the extent to which economic growth will be hit because of the ongoing drive to replace high-value banknotes, there has been a lot of discussion on whether the government can use the current situation to push India towards a cashless future.
We take a look at India's radical economic reforms to move towards cashless, where India stands in the global digitisation race as well as the hurdles and enablers.
