INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
This report examines the growth of
digital transactions in India following
the demonetization initiative of
November 2016. The analysis delves
into the immediate effects of
demonetization on digital Payments,
highlighting a surge in adoption as
individuals and businesses sought
alternative means Of conducting
transactions amidst the cash crunch. Subsequently, the report explores the sustained
Growth trends in digital transactions, driven by factors such as government initiatives, technological
Advancements, and changing consumer behavior. Moreover, it discusses the transformative impact
Of digital payments on financial inclusion, emphasizing initiatives such as Jan Dhan Yojana and
Direct Benefit Transfer (DBT) in extending access to basic financial services to underserved popu-
Lations. Furthermore, the report underscores the importance of continued efforts to promote digital
Financial inclusion and security, advocating for collaboration among policymakers, regulators, and
Industry stakeholders to address challenges and leverage emerging trends and technologies in driving
Economic growth and societal development.
Keywords:
Cite Article:
"DIGITAL TRANSCTION VOLUME RISE SINCE DEMONETIZATION ", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 4, page no.g489-g494, April-2024, Available :http://www.ijnrd.org/papers/IJNRD2404656.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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