PLASTIC MONEY: A TOOL FOR REVITALISING INDIAN ECONOMY

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Dr.Prameela Rani Mannava, Dr.M. Seethamahalakshmi, Dr. Ranjini M L

Vol 18, No 6 ( 2023 )   |  Licensing: CC 4.0   |   Pg no: 352-363   |   Published on: 30-06-2023

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Abstract
Plastic money, including credit cards, debit cards, and digital payment platforms, has emerged as a significant tool for financial transactions. This review paper explores the role of plastic money in revitalizing the Indian economy. It examines its impact on consumer spending, financial inclusion, and the formalization of the economy. The paper also highlights the challenges and opportunities associated with plastic money adoption in India and provides recommendations for its effective implementation.

Keywords:
plastic money, Indian economy, consumer spending, financial inclusion, formalization, challenges, opportunities, recommendations

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