Flipkart is not the first of the many e-commerce players to start their operations online. All has not been well for this industry in the past, both for consumers and investors. This has happened for various reasons including the entry of diverse competition as well as government policies—particularly demonetization. Following a offline to online strategy is only because of declining growth in the e-commerce industry is an overstatement. The idea is to provide interior designing consultancy and offer a holistic experience to the consumers for better decision making. Another reason for an offline presence is offering a platform for increasing brand credibility and cement its online business. Read more at https://theindianeconomist.com/online-offline-e-commerce-industry-declining/

At Singularity University’s Exponential Finance Summit in New York last month, Peter Diamandis talked about technology, money and a demonetized world. We all have access to everything at the palm of our hands due to advanced technology, robots implying higher efficiency and lower cost. But technological unemployment follows. The counterbalance to technological unemployment, is the demonetization of living. The most common example of this phenomenon is the smartphone where a bunch of different things can be performed in a single device. Demonetization is one of the factors of technological disruption, where money is taken out of the equation for a given product or service, making it available to everyone. Communication, Entertainment, Energy, Transportation, Housing, Education, Healthcare are a few fields of example Diamandis gave in this context. Read more at https://singularityhub.com/2017/06/08/technology-will-erase-jobs-but-also-make-everything-cheap-or-free/

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

Demonetization was a shock to the growing Indian economy. The effects of demonetization are steadily getting neutralized. With banks issuing more liquidity in the market,availability of cash has almost come back to that of the pre-demonetization era. Government online initiatives in the form of BHIM and Aadhar Payments have gained massive popularity and private companies like Paytm and Mobikwik have found grounds in the Indian online market post demonetization. A fully digitized economy is not feasible but the country has at least taken a huge step forward to be a digital-friendly economy and the government has to properly nurture the ongoing trend to materialize its motives. Read more at:http://www.indiainfoline.com/article/general-editors-choice/demonetisation-impact-as-the-effects-of-demonetisation-is-fading-govt-plans-to-nurture-a-digital-economy-117050800111_1.html