Digital India: A landmark year for digitisation

Digital India, India Investment Journal January Edition
Giant strides have been made in digitising the Indian economy and improving internet penetration, but more conviction is required to get Smart Cities off the block.

The year 2017 was a landmark year for digitisation of the economy in India. Following the demonetisation exercise of November 8, 2016, when 86 percent of liquidity in the system present in the form of Rs 500 and Rs 2000 currency notes, was sucked out in one stroke, the usage of digital modes of transaction has seen a quantum jump.