Author(s)
CHETHAN RAJ K, Shubha N, T Ranjani
- Manuscript ID: 140068
- Volume: 2
- Issue: 1
- Pages: 388–391
Subject Area: Finance and Investment
Abstract
In this paper, we discuss the introduction of digital currencies and what they may mean to India. It explains the existing situation of digital currencies in the world and in India, the pros and cons of adopting them and the possible policy interventions. The study will be conducted to present an overview of the research to notify the policy maker, economists as well as the stakeholders on the transformative effect of digital currencies in the economy of India. The phenomenal growth in possession of Smart phones and availability of easy-to-use payment systems such as PAYTM and BHIMUPI have enabled the adoption of digital methods in payments. The present paper attempts to discuss the prevailing trends in the digital currencies in India and Global.