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...