The effectiveness of a strategy lies in its implementation. Before demonetization, India’s was 13% to the GD but the target is to cannibalize cash usage to 5 to 6% of GDP in coming years.  No single action leads to a transformation. The first to come was the Jan Dhan scheme, then comes the linking of Aadhaar number and the mother of all may be GST. With the GST, caps on cash transactions, opportunities to evade tax has shrunk. One may even see the 2,000 notes in circulation shrink as the RBI accelerates supply of lower denomination currencies which are on the rise. Read more at: http://economictimes.indiatimes.com/industry/banking/finance/banking/is-the-digital-india-dream-fading-think-again/articleshow/59276009.cms