Cash is here to stay in India, irrespective of what ever the advanced digital we go. We don’t data points to prove it . I will give you a layman perspective.
I purchased a land in Hyd 6 months back. The price of the land was Rs 75 lakh but it was registered only for $35 Lakhs. We had paid balance of 40 Lakhs in cash. This kind of situation is not going to change in India. India still accounts for large number of black money transactions and cash is always a king.
Invested at current level and I’m a long term investor.
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