MUMBAI: A cashless economy is possible only when a country has high internet speeds and high cyber security. Though India is going through demonetisation, a major aim of which is to promote digital transactions, the country figures poorly in the global cyber stakes. The country is 96th in terms of download speed and 105th in terms of average bandwidth availability. It also has a record of poor internet security, which is progressively becoming worse.
While in download speed India is behind even Bangladesh and Nepal, it tops the world in terms of 'ransomware' attacks. These assaults target banks and establishments with sensitive, confidential information.
In terms of availability of bandwidth, Sri Lanka, China, South Korea, Indonesia, Malaysia and several other countries are far ahead
when u have such high population with such uncompetitive mobile operator companies this is bound to happen....
96th place in internet speed in the world, villages dont even have internet connectivity and Feku want to make economy cashless, first he should think about digital infrastructure what a peculiar situation!
Very good, we should always remain where we are, Never even think of improve or developing.
Jai ho Modi tech savy PM's India behind Nepal and Bangladesh. Hope you will not blame somebody else for this.
Being a Bangladesh citizen I feel proud for my country.