Key Points
The survey, which was conducted among 44,000 people from 363 districts by social media platform Localcircles, noted that 24 per cent of the respondents said they did not have to pay in cash while buying a property, as against 30 per cent just two years ago...
On November 8, 2016, Prime Minister Narendra Modi announced scrapping of Rs 500 and Rs 1,000 notes, representing over 86 per cent of the currency in circulation by value to reduce the reliance on the cash in the economy...
Meanwhile, even as digital transactions reach newer highs, the survey findings said that 82 per cent used cash for purchases in the last one year to pay for groceries, eating out and food delivery...
