The Move to Cashless Economy May be Modernity But Definitely Death of Social Relations

Shyam Sundar

Working Papers from eSocialSciences

Abstract: There is an enormous mismatch between expectation and reality on this issue. Some people seem to assume that India could quickly go cashless during this period of remonetisation of cash. This premature use of coercion, in an under-developed payments ecosystem which has suffered from major errors of policy for decades, speaks poorly of the policy process. It is problematic to cite this complex, long-term aspiration to reduce use of cash as some kind of mitigant for this sudden note ban.

Keywords: reality; cashless; remonetisation; payment; under-developed payments; cash; under-developed payments ecosystem; India; note-ban (search for similar items in EconPapers)
Date: 2016-12
Note: Current Affairs
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