Finance Minister Nirmala Sitharaman said that India aims to introduce digital currency by 2023.
"The government and RBI are looking into its several commercial use purposes and not just financial inclusion"
The minister also said the government maintains a consistent digital push across all industries.
Central bank digital currency, digital banks, and digital university were announced in the Union Budget. There is a continuous digital nudge by the government across sectors
In the budget, she had said that the introduction of digital currency will give a big boost to the digital economy.
Digital currency will also lead to a more efficient and cheaper currency management system.
It is, therefore, proposed to introduce Digital Rupee, using blockchain and other technologies, to be issued by the Reserve Bank of India starting 2022-23," Sitharaman had said.