“The committee is well on its way towards establishing and monitoring an implementation framework with strict timelines to ensure that nearly 80 per cent of the transactions in India move to the digital-only platform,” Kant said.
According to the statement, he emphasised that for sustaining a 7.5 per cent growth, digitisation is important as India cannot afford to have a parallel economy generated by high level of cash transaction.
India is the only economy in the world with 1 billion biometric authentications and 1 billion mobile phones, Kant said, adding that it has the digitisation infrastructure to leverage the JAM trinity — Jan Dhan, Aadhaar and Mobile.
