Digitalization - A Step towards Cashless Economy

The recent policy decision by the government of India to tackle the quicker economic progress is the promotion of money less economy or cash less economy or digital economy, which creates a platform to maintain accountability for every transaction which helps to control corruption. The Recent policy initiative by the government of India is termination of five hundred and thousand denominations from circulation in the country. This enables the transparency in the governance system by encouraging the non cash payments or digital payments. The fundamental base for cash less economy is the demonetization. Digital India is the flagship programme of the government to integrate all activities in a digital manner. The present paper intends to analyze the impact of digitalizing Indian economy and understand challenges and opportunities of digitalization. The methodology of the study includes reviewing the existing literature, reports published by the government of India. The present study is based on secondary data which available in the different books, articles, journals, research papers and internet source also. Mr. Harish Tigari"Digitalization - A Step towards Cashless Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-2 , February 2018, URL: http://www.ijtsrd.com/papers/ijtsrd9536.pdf http://www.ijtsrd.com/economics/commerce/9536/digitalization---a-step-towards-cashless-economy/mr-harish-tigari