Digital India and Cashless Economy: towards $5 Trillion Indian Economy
Gayathri T N

Gayathri T N, Research Scholar, Department of Commerce, Anna Adarsh College for Women, Assistant Vice-President, Matrix Business Services India Pvt Ltd, Chennai (Tamil Nadu), India.
Manuscript received on 28 November 2019 | Revised Manuscript received on 20 December 2019 | Manuscript Published on 31 December 2019 | PP: 117-120 | Volume-8 Issue-4S3 December 2019 | Retrieval Number: D10131284S319/2019©BEIESP | DOI: 10.35940/ijrte.D1013.1284S319
Open Access | Editorial and Publishing Policies | Cite | Mendeley | Indexing and Abstracting
© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (

Abstract: Government initiatives is to move towards digital India with less cash economy and reaching GDP $ 5 trillion economy in next 5 years is the ambitious plan that India is marching with. Consequent to demonetization in November 2016 there was huge drive for cashless transaction. The Digital India started in July 2015 mainly focus on three areas mainly digital infrastructure and empowerment, corporate governance and cater to services on demand. Although there are lot of progress in digital and cashless transaction will these enable to improve the GDP to reach $ 5 trillion by 2025 need to be evaluated. In this article, every attempt is made to see how cashless transaction and digital initiatives have moved ahead and will all of these help in improving the GDP of India towards $5 trillion economy. The current study will also focus the current India’s GDP level with other top 20 economies of the world.
Keywords: Cashless Payment, Digital Transaction, Demonetization, GDP of India, Digital India.
Scope of the Article: Digital Clone or Simulation