maddhan1979
Banned
Cashless economy in a slum country?
Cashless economy means few people have the knowledge about finances, resources, etc., of majority of the people. In a country like India where majority of the technology using people are the end consumers of the technology, a cashless economy will create a deprivation effect. Majority sections of the society do not like deprivation effect and that too at such a small time scale.
There are lot of other things that need to be done before a cashless economy can be achieved. The change in the economy and technology can not be controlled by technology alone. Time scale for this economic control through cashless technology is very small.
India in its current state is not prepared for a cashless economy.
Similarities can be given to prove worth of a cashless economy but the fact remains at present a total cashless economy is not needed for India.
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