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IJNRD
INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT
International Peer Reviewed & Refereed Journals, Open Access Journal
ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
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Paper Title: To what extent and why has COVID-19 made India substitute cash with digital modes of payment through UPI and what are its spillover effects?
Authors Name: Mukund Rawat
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IJNRD_207523
Published Paper Id: IJNRD2310299
Published In: Volume 8 Issue 10, October-2023
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Abstract: In the wake of the COVID-19 pandemic, India witnessed a pivotal shift from traditional cash transactions to digital modes of payment, particularly through the Unified Payment Interface (UPI). This research delves into the extent and implications of this transition. It draws attention to Prime Minister Narendra Modi's vision, as expressed in his "Mann Ki Baat" address, emphasizing the growing importance and acceptance of online transactions for fortifying India's position in the global economy. However, challenges persist, especially in the rural landscapes, where digital infrastructure might be inadequate, potentially exacerbating economic disparities. This transition's roots can be traced back to the 2016 demonetization phase, which marked the genesis of the UPI system, simplifying online transactions. This study hypothesizes that the pandemic-induced lockdown propelled the shift to digital payments, fostering economic growth in this emerging nation, aligning with the Prime Minister's outlook.
Keywords: Digital Modes Of Payment, UPI, COVID 19
Cite Article: "To what extent and why has COVID-19 made India substitute cash with digital modes of payment through UPI and what are its spillover effects?", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 10, page no.c913-c936, October-2023, Available :http://www.ijnrd.org/papers/IJNRD2310299.pdf
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ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publication Details: Published Paper ID:IJNRD2310299
Registration ID: 207523
Published In: Volume 8 Issue 10, October-2023
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Page No: c913-c936
Country: Jaipur, Rajasthan, India
Research Area: Commerce
Publisher : IJ Publication
Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2310299
Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2310299
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
Journal Starting Year (ESTD) : 2016

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