Independence Day speech: PM Narendra Modi again pushes for digital cash

Today is the era of IT and let's move ahead on the path of digital transaction, says PM Modi

Prime Minister Narendra Modi on Tuesday again urged people to embrace the digital lifestyle, almost nine months after launching the demonetisation missile on black money.

In his Independence Day address, the PM emphasised on promoting digital economy. “Today is the era of IT (information technology) and let’s move ahead on the path of digital transaction. Let us lead from the front, promote digital economy and adopt the BHIM app,” he said. In the past one year, he said, digital transactions have grown 34 per cent and hoped the country would transition from physical to digital currency.

Reserve Bank of India