What's Hot

    CBD and Drug Tests: How to Pass A Drug Test Even After Taking CBD

    June 2, 2023

    P1Harmony Members Age, Birthday, Height

    May 31, 2023

    What is a Super Smoother Blurring Skin Product, and How Does it Work?

    May 23, 2023

    How to Find a Quality Chainsaw for Cheap Price

    May 21, 2023

    Why So Many Eyes of All Kinds of People Are Attracted by Crocs: Full of Allure on It

    May 21, 2023
    Facebook Twitter Instagram
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms and Conditions
    Facebook Twitter Instagram
    Ideal Magazine
    • Home
    • News
      1. POLITICS
      2. WORLD
      3. View All

      Piers Morgan leaves Good Morning Britain after Meghan row 2022

      August 27, 2022

      Who Is Lyudmila Putin or Lyudmila Aleksandrovna Ocheretnaya? Russian President’s Ex-Wife

      August 9, 2022

      Justice Dept. to Investigate Georgia Prisons

      September 14, 2021

      Barbara Lee’s Long Quest to Curb Presidential War Powers Faces a New Test

      September 14, 2021

      Jazz Jennings Spends Time With Sister Ari As Reality Show Remains In Limbo

      October 6, 2022

      Ka Ho Cho used to be called Ka Ho Fuku

      September 25, 2022

      Lucy Letby, from Hereford was a nursing aid for The Counter of Chester Hospital

      September 1, 2022

      Anderton Boat lift Revision of the structure of 1875

      August 29, 2022

      The Pool King White House: A Symbol of Luxury and Elegance

      April 2, 2023

      Online Loan Scams: Identifying Fraudster And How to Avoid Them

      December 23, 2022

      Invincible Season 2 of ‘Invincible’ Coming in 2023 to Prime Video in 2023 Release Date

      December 21, 2022

      This is the way ‘ Vickie Stranger Things’ made Vickie Beautiful in Pink

      December 19, 2022
    • Business
      1. Finance
      2. ECONOMY
      3. View All

      ASG Recovers: A Journey of Resilience and Success

      May 18, 2023

      Parked Car Insurance: What You Should Know

      February 20, 2023

      Technical Difficulties faced by Poocoin

      February 15, 2023

      An Overview of Condominium Insurance Policies

      January 11, 2023

      ASG Recovers: A Journey of Resilience and Success

      May 18, 2023

      Most Traded Cryptocurrencies of March 2023

      March 30, 2023

      How To Tackle The Ethical Dilemma Of Investing

      November 9, 2022

      What is auto-trading and how to choose the best trading bot?

      September 21, 2022

      How to Find a Quality Chainsaw for Cheap Price

      May 21, 2023

      Your Guide to Using Instagram for Business: 4 Helpful Tips

      April 11, 2023

      With the popularity of remote working, what does this mean for offices? 

      March 15, 2023

      Sell Your Car for Instant Cash

      February 28, 2023
    • Technology
    • Sport
    • Health
    • LIFESTYLE
    • Entertainment
      1. Celebrities
      2. View All

      How Old Is Isabella In Encanto Character Details in the Disney movie

      April 7, 2023

      List of Celebrities and Their Shocking Escapes From Behind Bars

      March 2, 2023

      Who is Jacey Sink? Sister Of Sadie Sink

      October 28, 2022

      Hailey Bieber and Selena Gomez are friends?

      October 28, 2022

      P1Harmony Members Age, Birthday, Height

      May 31, 2023

      How Old Is Isabella In Encanto Character Details in the Disney movie

      April 7, 2023

      List of Celebrities and Their Shocking Escapes From Behind Bars

      March 2, 2023

      A Complete Guide for the Best Video Capture

      December 17, 2022
    • Travel
    • foods
    • Education
    Subscribe
    Ideal Magazine
    Home » digital payments: Cash in circulation at a decadal high even as digital payments soar
    ECONOMY

    digital payments: Cash in circulation at a decadal high even as digital payments soar

    AdminBy AdminMay 13, 2021No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    [ad_1]

    From 12% of the GDP in FY16, currency usage slumped to 8% in FY17 following demonetisation, and has been gradually rising since.

    Synopsis

    Simultaneously, digital modes of payment have also soared manifold since the demonetisation in late 2016 , underscoring the apparent dichotomy in transaction behaviour through the protracted and unprecedented health crisis.

    At nearly a sixth of the gross domestic product (GDP), currency in circulation is at its highest in a decade, pointing to the likelihood of cash storage in anticipation of medical emergencies, even as much of India is shut down and mobility curbs imposed to prevent the coronavirus from spreading.

    Simultaneously, digital modes of payment have also soared manifold since the demonetisation in late 2016 , underscoring the apparent dichotomy in

    BY

    ET Bureau

    4 mins read, Last Updated:

    May 13, 2021, 10:45 AM IST

    • GIFT ARTICLE
    • FONT SIZE

      AbcSmall

      AbcMedium

      AbcLarge

    • SAVE
    • PRINT
    • COMMENT

    Sign in to read the full article

    You’ve got this Prime Story as a Free Gift

    Choose Payment Mode & Plan

    Introductory Offer

    ₹99 for 2 months

    Then ₹2,499 for 1 year (₹208 per month)

    You can cancel your subscription anytime

    Yearly

    ₹2499

    15 Days Trial

    ₹399/month

    Monthly
    PLAN

    Billed Amount ₹399

    ₹399

    ₹208/month

    (Save 49%)

    Yearly
    PLAN

    Billed Amount ₹2,499

    15
    Days Trial
    +Includes DocuBay and TimesPrime Membership.

    ₹399

    ₹150/month

    (Save 63%)

    2-Year
    PLAN

    Billed Amount ₹3,599

    15
    Days Trial
    +Includes DocuBay and TimesPrime Membership.

    Already a Member? Sign In now

    Special Offer on ET Prime

    Subscribe to ET Prime – Get Flat 20% Off

    View Plans

    Special Offer on ET Prime

    Subscribe to ET Prime – Get Flat 20% Off

    View Plans

    Special Offer on ET Prime

    Subscribe to ET Prime – Get Flat 20% Off

    View Plans

    Why ?

    • Sharp Insight-rich, Indepth stories across 20+ sectors

    • Access the exclusive Economic Times stories, Editorial and Expert opinion

    • Clean experience with
      Minimal Ads

    • Comment & Engage with ET Prime community

    • Exclusive invites to Virtual Events with Industry Leaders

    • A trusted team of Journalists & Analysts who can best filter signal from noise

    [ad_2]

    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBiden Signs Executive Order to Bolster Federal Government’s Cybersecurity
    Next Article C.D.C Confirms More Cases of Rare Blood Clot Disorder Linked to J.&J. Vaccine
    Admin
    • Website
    • Facebook

    Related Posts

    ASG Recovers: A Journey of Resilience and Success

    May 18, 2023

    Most Traded Cryptocurrencies of March 2023

    March 30, 2023

    How To Tackle The Ethical Dilemma Of Investing

    November 9, 2022

    What is auto-trading and how to choose the best trading bot?

    September 21, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Editor’s Picks
    • CBD and Drug Tests: How to Pass A Drug Test Even After Taking CBD June 2, 2023
    • P1Harmony Members Age, Birthday, Height May 31, 2023
    • What is a Super Smoother Blurring Skin Product, and How Does it Work? May 23, 2023
    • How to Find a Quality Chainsaw for Cheap Price May 21, 2023
    • Why So Many Eyes of All Kinds of People Are Attracted by Crocs: Full of Allure on It May 21, 2023
    Latest Post

    CBD and Drug Tests: How to Pass A Drug Test Even After Taking CBD

    June 2, 2023

    P1Harmony Members Age, Birthday, Height

    May 31, 2023

    What is a Super Smoother Blurring Skin Product, and How Does it Work?

    May 23, 2023

    How to Find a Quality Chainsaw for Cheap Price

    May 21, 2023

    Why So Many Eyes of All Kinds of People Are Attracted by Crocs: Full of Allure on It

    May 21, 2023

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Ideal-Magazine

    Ideal Magazine is an online news portal that provides the latest and breaking News.

     

    Contact Email- ideal_magazine@yahoo.com

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Ideal-magazine© 2023 Powerd By Digitalxpert Services Pvt .Ltd digitalsxpert.com.
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.