12-November-2026
Markets and Finance
 
10 years after demonetisation, cash remains king despite India’s digital payments boom
12-Nov-2026

Ten years ago, on November 8, the Modi government announced the demonetisation of high-value currency notes of Rs 500 and Rs 1,000 in a dramatic bid to curb black money and push India towards a cashless economy. A decade later, however, cash remains king, with currency held by the public having more than doubled since demonetisation.

News Source:- https://www.financialexpress.com/policy/economy-10-years-after-demonetisation-cash-remains-king-despite-indias-digital-payments-boom-4380460/
 
 
 

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