Bill Gates lauds demonetisation, says India will become the most digitised economy
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The billionaire philanthropist said the demonetisation will end shadow economy, while speaking at a lecture series of Niti Aayog on transforming India.
“The bold move to demonetise high-value denomination notes with higher security features is an important step to move away from a shadow economy to an even more transparent economy. Digital transactions will rise dramatically here. In next several years India will become the most digitised economy, not just by size but by percentages,” said Gates.
Apart from demonetisation, Gates spoke on a host of issues ranging from health, tech and financial inclusion.
“Technology is only as flexible as the regulations and systems that enable it and technology is only sustainable if the world we live in is sustainable, too,” he said.
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