Abstract

This paper explores the dynamic growth of Indias economy in the context of its shift towards a cashless economy. Over recent decades India has experienced significant economic expansion driven by various reforms technological advancements and increased foreign investment. A key aspect of this growth has been the adoption of digital financial technologies which have transformed the traditional cash-based economy into a more transparent efficient and secure cashless system. The study examines the impact of digital payment systems such as mobile wallets online banking and digital payment platforms on economic growth and financial inclusion. It also highlights the challenges and opportunities presented by this transition including the effects on small businesses rural communities and the informal sector. Furthermore the paper assesses government initiatives aimed at promoting cashless transactions and their effectiveness in achieving broader economic and social goals. By analyzing data and