Currency in India

India’s Cash-to-GDP Ratio

Cash-to-GDP Ratio or Currency in Circulation (CIC) to GDP Ratio or simply currency-to-GDP ratio shows the value of cash in circulation as a ratio of GDP. Implications of higher Cash-GDP Ratio There are two dimensions of cash viz. its function and its nature / origin. In terms of function, cash can be used as a medium of exchange but also […]



Anything that can be generally acceptable as payment for goods and services or settlement of debts is Money. It is the element of confidence that others will accept it as a payment is what gives the purchasing power to money. The major functions of money are: It a medium of exchange Its a unit of […]