• Dr. B. RAJA
• Dr.S.CHANDRASEKARAN

ABSTRACT Digitalization of India involves promoting among the people, a system of cashless electronic payments for various transactions involving financial transfers and thus, weaning them away from the current system of largely cash based transfers. Since many of India’s economic ills corruption, bribery, tax evasion, black money etc., are largely the result of India’s cash-based economy, it therefore becomes imperative that the country should move speedily towards cash-lite or less cash e-payments system. In fact, one of the immediate and important objectives of demonetization has been to create less cash-based digitalized economy where most of the payments are made and received through digital means, i.e. through electronic payments mechanism. The cash –GDP ratio has stabilized suggesting a return to equilibrium. The evidence is that since about June 2017, the trend in currency is identical to that of pre-demonetization. The stabilization also permits examination of this impact of demonetization about 2.8 lakh crores less of cash (1.8 percent of GDP) and about 3.8 lakh crore less of high demonstration notes (2.5 percent of GDP).

Keywords: The digitalization of India benefits of digitalization, efforts to promote digitalisation, trends in digitalisation.

"A STUDY ON GROWTH AND TRENDS IN DIGITALIZATION OF INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 10, page no.278-281, October-2018, Available :http://www.jetir.org/papers/JETIR1810823.pdf

"A STUDY ON GROWTH AND TRENDS IN DIGITALIZATION OF INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 10, page no. pp278-281, October-2018, Available at : http://www.jetir.org/papers/JETIR1810823.pdf