Section Article

The expansion of Indias economy and the transition to a cashless economy.
Author(s): Kranthi Kar

Abstract
This article examines the rapid expansion of Indias economy in relation to its transition towards a cashless economy. In recent decades India has seen substantial economic growth propelled by a combination of reforms technical progress and greater inflow of international investment. One crucial factor contributing to this expansion is the use of digital financial technology which have revolutionised the conventional cash-driven economy into a more transparent streamlined and safe cashless system. The research investigates the influence of digital payment technologies including mobile wallets internet banking and digital payment platforms on both economic development and financial inclusion. Additionally it emphasises the difficulties and possibilities brought about by this shift including the impact on small enterprises rural areas and the unregulated sector. Moreover the article evaluates government endeavours targeted at encouraging cashless transactions and their efficacy in attaining wider economic and social objectives. This paper offers a comprehensive analysis of data and trends from several sources to give valuable insights into the advantages and constraints of a cashless economy. It also examines how a cashless economy might influence the future direction of Indias economic growth. The results enhance our comprehension of the interaction between technical advancement and economic expansion in developing economies.