Explained: How digitisation achieved success on the back of demonetisation

Demonetisation, the shock that jolted the nation in 2016, and digitisation, were the two words that dominated Finance Minister Arun Jaitley's 2017-18 (FY18) Budget speech. Both symbolised the way forward for the government.

According to industry experts, 2017 was the year of digitisation. The push for ‘going digital’, which has been a part of the current government’s flagship ‘Digital India’ campaign, was visible everywhere — from the villages to the Reserve Bank of India (RBI). While a lot of initiatives have run simultaneously, problems in infrastructure and clarity in regulations has prevented these programmes from being a complete success.

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