Achieving Digital India Still A Far Fetched Dream
Prime Minister Narendra Modi and Paytm founder Vijay Shekhar Sharma were the only Indians who made it in the ‘Top 100 list of Most Influential People’ of Times magazine. PM Modi scrapped the 86% of the old currency on 8 November 2016 and shook the whole nation. This bold step was taken to cure the menace of black money which flowed majorly through the cash in economy. Making of “Digital India” was also one of the most essential objectives of this initiative. And between all the hustle-bustle during the demonetization phase, the Paytm founder, Vijay Shekhar Sharma was the first who matched-up with rhythm of the moment, played the masterstroke and seized the moment.
Mobile wallets were at their peak during the period of cash crunch. But after the new currency cash has come into flow, Are the number of transactions through e-wallets same? In my opinion, the answer is NO! The statements from retailers, street hawkers, bus conductors etc. like “Ab to market mein cash aa gaya hai, ab kaun kaun Paytm use krta hai!” shows the mindset of general public. In addition to this, after the transaction fee has started getting deducted, the retailers emphasize more on dealing in cash over e-wallets. This all leaves a query in the minds of the youth that whether they can fully rely on e-wallets as was projected by our PM or should they have some cash in hand while moving out of their homes to be on a safe side.
There is no trouble in making cash transactions, however the issue remains unresolved that ‘Is this what PM Narendra Modi meant by Digital India?’ This ambiguity is pinching my nerves. Such bold and innovative initiatives are worthy of respect but these can only be fruitful if they collectively, benefit the economy of whole nation and exclusively, bring about a positive change in the mindset and raise the living standards of each and every individual.
By – Lakshya Anand
(Content Writer @ Legal Bites)