What Else

Paytm is one of the most well-known brands in India, particularly in the post-demonetization period. In the years after demonetization, the payments platform has grown at a breakneck pace. And it's for this reason that the company's IPO, India's largest ever, had everyone's eyes fixed to the stock market. The IPO, however, made news not for the amount of money collected, but for the dramatic drop in share price during trading on the Bombay Stock Exchange (BSE) on November 18. The offer price was Rs 2,150, but the shares were trading at 1,614 rupees each by the afternoon. The stock even dropped below the lower circuit limit of 1,564 rupees. When a stock reaches this level, the BSE bans investor purchases to that level or above. What went wrong? In India's online payments business, Paytm is the big fish. SoftBank and Ant Group are among its supporters, as are other major corporations with huge wallets. In India, the third-largest economy in Asia and a major worldwide ...

The Plot Demonetisation, which occurred five years ago, irreversibly altered the Indian payment environment. Indians had Rs 18 lakh crore in cash at the time. It had dropped to Rs 8 lakh crore by the end of January 2017, barely two months later. The repercussions were immediate and severe. And it seemed as though this was the start of the end for currency. They said that cash was extinct. What's more, guess what? That was not the case. Instead, the total amount of currency in circulation as of today is above Rs 28 lakh crore. Granted, this figure seems to be enormous. However, it may also be deceiving. The economy is no longer what it was in 2016. Across the board, we've added value. As the economy grows, you may anticipate additional money to enter the system to compensate for the rise. As a result, it's preferable to utilise a different metric: the Cash in circulation (CIC) to GDP ratio. This allows you to determine whether the monetary effect is as large as the number su...