The cashless economy in India has been amplified with the Indian Government's initiative of:
- ASwachh Bharat
- BBanking sector crisis
- CDemonetization
- DDigital India
Solution & Step-by-step Explanation
The initiative of 'Digital India', along with financial inclusion drives and the push for digital payments via UPI, has extensively amplified the growth of a cashless economy in India. While demonetization provided a sudden push, "Digital India" remains the comprehensive governance initiative for digitization.