Ajit Ranade: What’s behind India’s cash upshoot and what does it tell us about the economy?
Ajit Ranade: What’s behind India’s cash upshoot and what does it tell us about the economy? is drawing significant interest across the industry.
It’s not a story of cash to QR code. While UPI breaks records, cash in circulation has surged—with a notable spike in January. As UPI reshapes flows of money, its stock has drivers that remain entrenched. Think of tax fears, welfare transfers and election funding.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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