The Indian economy is undergoing a structural transformation, with currency in circulation declining during the busy Diwali week for the first time in 20 years, notes an SBI Research report. With increased acceptance of digital payments in the country, the over reliance on cash is slowly fading away.

from Times of India https://timesofindia.indiatimes.com/business/india-business/power-of-digital-transactions-currency-in-circulation-declines-in-diwali-week-for-1st-time-in-20-years/articleshow/95276968.cms