Cashless Indian economy is possible! | India's Economy: The Financial Revolution
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- เผยแพร่เมื่อ 19 ธ.ค. 2022
- The Indian economy has been moving towards a cashless model for some time now, with the government and financial institutions promoting the use of digital payment methods such as debit and credit cards, mobile payment apps, and electronic fund transfer systems. The government has also taken steps to encourage the adoption of these methods by providing incentives and making it easier for individuals and businesses to access them.
One of the main drivers behind the shift towards a cashless economy in India is the government's efforts to curb black money and reduce corruption. By using digital payment methods, it is easier to track and trace financial transactions, making it more difficult for individuals to engage in illicit activities such as tax evasion and money laundering.
The COVID-19 pandemic has also accelerated the move towards a cashless economy in India, as people have become more reliant on digital payment methods due to concerns about the transmission of the virus through cash.
Overall, the shift towards a cashless economy in India has the potential to bring numerous benefits, including increased financial inclusion, reduced transaction costs, and improved efficiency and transparency. However, it is important to ensure that the transition is carefully managed and that measures are put in place to protect the interests of consumers and small businesses.
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A very good topic chosen, and the information is very insightful ✨✨
Good video by Yadna Investment and honestly Aastha enhanced our knowledge....Great work and honest working for future course of action....Jai hind Parimal Ji
Less cash may reduce physical burglary, but there is online frauds that can loot people of lakhs of rupees..
5. Improved economic growth may come at the cost of people's savings.
Great presentation Astha. Keep it up
Thank you aastha 🙏
Thankyou so much for this wonderful session,it's proved useful and informative..🙏😊💟
Thank you ma'am
Helped me lot for debate competition
Too good ma'am l like this
It all started from barter system and than got converted into different forms of currency and now the shift to cashless economy with a hint of bartering and May be over a period of time it might end up where it started
Good 👍
nyc info
Yes it's not a one day process, but it's a one way street and it's possibly the best thing happening for our economy . Time will surely prove it.
Tomorrow if no internet available , someone has problem with mobile or bank transaction , how will he survive ?
Happy to see somebody batting for the cashless economy team but the data on progress seems to be misguided. Even though our digital payments are growing well, our cash in circulation has actually doubled since demonetisation. Tax paying citizens are using digital money. The non tax payers prefer cash. Probably one good way to start the journey towards a cashless economy is to convert ATM's into public toilets starting with urban centres. To take the economy forward we need a lot more than the current 5% taxpayers.
Why the hell on this earth should we be concerned about cash printing cost ?
Cash need to be here don't need cashless society
But parimal sir in today's news said the cash in circulation has increase to somewhat in 30 lakh crores
But here Aastha has shown in terms of % of total.
@@ravisigili Agreed but still as per parimal sir the cash in circulation has doubled in past 7 years, means at a CAGR of 10%, but per astha ma'am it is reducing in the last chart.
Didn't understand that.
But a very good information astha ma'am
Mere account main 1 crore rupees hai. , aur account hack ho jaata hai , to bank paisa dega ?
can someone please tell what is (Rs bn) in 5:32
PLEASE PLEASE
Billion rs
Isn't it misleading to say e-rupee is anonymous? The transactions will be recorded on blockchain which will be visible to RBI and maybe to government.
Digital currency is not cryptocurrency, nothing to do with blockchain, it just like your wallet digitized.
@@sudhakarramnawalmishra9531 It's both a wallet like and block chain like I belive. Rbi or goverment should be able to see all transaction but for us it's going to be like a wallet.
Bank ko nahi RBI ko pata hota hai
Bhai log aapke account ka paisa agar hack ho jaata hai , to kya bank aapko paisa dega ? Nahi dega , likh ke lo , cash use karo
666 is the sig of best
When cashless policy happen cyper thives will increase
Teching in English mam. Dot understand hindi
Digital Economy ayega.... mera digital economy jarur ayega....... (karan arjun)....
IRONY..UPI architecture was made by RBI with then Governor Rajan playing a big role. UPI is touted as big achievement of Modi by bhakts & Parimals. But both don't miss an opportunity to malign Raghuram Rajan😂
Tu pakka Congress ka gulam hai 😂😂
If you think we are bhakta then Plz go aways.
@@mr.bachubhaibhigona9090 AUR TU ch. bhakt
Open a youtube channel to spread mass opinion and eventually get a govt job@Vinerg
Kya aap ko malum hai ki mobile mein paise rakhne ka idea kiska tha? Scan karke paise transfer karne ka idea kiska tha? Cashless economy ye word kiske dimag mein aaya tha? Ye word aur ye idea Mera tha. Mera naam hai Niyanta D Katekar. Main Pune se hoon. I am a 47 year old man from Pune. Lekin ye banaya kisi aur ne. Isliye Mera naam nahi aaya. Cashless economy banane ka idea sirf aur sirf mera hai.
Gulami tay hai socho cbdc aa gaya aur govt k khilaf aandolan ya gali diye to account freeze karna hi enka maqsad hai khel samjho.