
Business Today Magazine
May 21, 2025 at 01:38 PM
*📚📖Business Today Magazine | Digital transactions are growing exponentially. Yet, India continues to deploy more automated teller machines (ATMs), and cash-in-transit (CiT) firms are moving tens of thousands of crores across the country every day. These validate the enduring relevance of cash in a country navigating both digital transformation and infrastructural diversity.*
Cash is very much in vogue, and that’s why the currency-in-circulation (CiC) stood at Rs 37.20 lakh crore in FY25, compared to Rs 14.5 lakh crore in FY15. This was 11.24% of the GDP based on the RBI's weekly statistical supplement for the fortnight ended March 28, 2025.
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