Cashless Economy: A Dream Or Reality In India?

1,741 Views Updated: 06 Dec 2016
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Cashless Economy: A Dream Or Reality In India?

After Prime Minister Narendra Modi's announcement to demonetise Rs 500 and Rs 1,000 currency notes all ATMs and Bank with long queues by people to get cash. Some people have debit or credit cards but only few of them are using it for online transactions and small payments. Is it possible cashless economy in a country when there huge percentage of people don't have even bank account? What is your opinion on modi's cashless economy dream is it possible?

Posted by: ksp Posts: (151) Opinions: (408) Points: 17,422 Rank: 2

Back in the 80s, nobody would have thought of Polio-Free Nation, but with constant effort, we made it happen. Same is the case with Cashless economy. However, it would take much lesser time than that of Polio-Free campaign.

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