Impact of First Lockdown during Covid-19 Pandemic over Digital Transactions in Indian Economy: A Review
AUTHOR(S) - Praveen Verma
PAPER ID – IJMPCV1I101220622000006
DOI – 10.55083/cct.ijmpc.2022.v01i01006
SUBMISSION – 27 FEB, 2022
ACCEPTED – 11 APR, 2022
PUBLISHED – 14 APR, 2022
CROSSMARK
FIND THIS ARTICLE ON
CROSSREF
SCILIT
GOOGLE SCHOLAR
One of the many advantages that have been told during demonetization was transition towards digital Economy and the data in the NPCI website shows that the digital transactions were actually increasing after demonetization substantially. This review paper tries to understand the impact of first lockdown during covid-19 pandemic over digital transactions in Indian economy. First nationwide lockdown was announced from 24 March 2020 for 21 days initially. Due to number of rising cases the lockdown was increased till 30th may 2020. This paper used data available on the NPCI website as secondary datasource and made comparisons over the volume of digital transactions from January 2020 till September 2020. This paper tried to review the various parts of digital transactions such as Mobile banking, UPI , POS transactions before , after and during first lockdown .
References
[1] (n.d.). Retrieved from https://www.npci.org.in/statistics.
[2] (n.d.). Retrieved from https://rbi.org.in/scripts/ATMView.aspx[3] Free press Journal. (2019, May 30). Retrieved from https://www.freepressjournal.in/cmcm/indias-history-with-demonetisation-from-1946-to-2016
[4] Agrawal, P. (2018). Demonetization and it’s effects on banking sector. ISSN(P) : 2347-4564, 323-328.
[5] Bansal, N. (2019). Impact of demonetization on Indian banking sector: Astep towards governance. Pacific business review International, Volume 11, Issue 7.
[6] Franciska, A. M. (2017). An Overview On Digital Payments . International Journal of Research, 2101-2111.
[7] K, A. D. (2017). A study on impact of demonetization over the banking sector with reference to veraval city. International journal of marketing and financial management, 21-26.
[8] Mitra. (2017). Impact of demonetization on cashless transactions. International Journal of Engineering and management invention, 246-251.
[9] Pal. (2018). Digital payments and It’s Discontent. Human factors in computing system., (pp. 1-13).
[10] Roy. (2017). Effect of demonetization and digital india initiative on indian economy.
[11] Sarvanan, S. (2021). THE IMPACT OF COVID-19 ON DIGITAL PAYMENT SYSTEM WITH REFERENCE TO CHENNAI CITY. UTKAL HISTORICAL RESEARCH JOURNAL, 53-62.
[12] Shrivastava, N. (2019). Digital Financial Services: Challenges and Prospects for Liberalized and Globalized Indian Economy. 10th International Conference on Digital Strategies for Organizational Success.
[13] Singhal, R. (2021). IMPACT OV COVID-19 ON DIGITAL PAYMENT SERVICES AT TOWN AND VILLAGE. IJCRT, Volume 9, Issue 5.
[14] Singhal, S. (2017). Demonetization and E-banking in india. Volume -3, Issue-1, 20-25.
[15] Verma, P. (2022). IMPACT OF DEMONETIZATION ON DIGITAL TRANSACTIONS IN INDIAN ECONOMY: A REVIEW. IJRAR.
