Finance minister Nirmala Sitharaman's introduction of a CBDC will provide a "big boost" to India's digital economy.
in a speech discussing the budget for 2022, Indian government imposes 30% crypto tax and introducing digital rupee CBDC by 2022-23 Indian finance minister Nirmala Sitharaman stated the launch of a central bank digital currency (CBDC) by 2022-2023 aims to boost the country's economic growth.
Sitharaman highlighted the requirement for digital inclusion across different business verticals while declaring the fund allocation set in the Union Budget.
She added, that the introduction of a CBDC will provide a "big boost" to the digital economy. also highlighted the possibility of a more efficient and cheaper currency management system made by digital currencies.
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