Improving banknote efficiency in India

vijay-shekawat
Vijay Shekhawat

The International Monetary Fund’s World Economic Outlook, published in April this year, states that world GDP will grow at an average rate of 4.05% during the next five years. This, coupled with a world population that has risen by a billion since 2000, has placed unprecedented importance on the effectiveness of currency and other payment instruments to settle transactions. India itself is witnessing an annual population growth of 1.2% and a projected GDP growth of 7.5% in 2016. Monthly per capi

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