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Macronomics: How Much Does India Use Cards Versus Cash? A Data Summary


How much of India's Liquid Wealth is in "Cash"? We all know that the demonetization drive has impacted India but let's take a look at some statistics today. How much of the Indian economy is cash? The real answer isn't actually known. So let's move to a different vantage point. Let's calculate India's liquid wealth, which is the amount of money that's "accessible" to us. The liquid money you have = the currency notes you own + whatever's . . .

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