RBI aims to boost digital transactions to 15% of GDP by 2021

The Reserve Bank of India (RBI) has said it aims to boost digital transactions to about 15% of GDP over next two years from nearly 10% now. The central bank added it aims to achieve a "highly digital" and "cash-lite" economy model. Notably, cash as a percentage of GDP is at 11.4% compared to 11.8% before note ban in 2016.