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Benefits of Implementing CBDC in India and Future Outlooks

Benefits of implementing CBDC in India and Future Outlooks

How can India's leap into digital currency redefine your financial future and the economy at large?
Discover how the revolutionary shift to digital rupees is set to enhance financial inclusion, streamline transactions, and pave the way for a more secure, efficient, and inclusive economic landscape in India.
In December 2023, India achieved a landmark in digital finance, hitting 10,00,000 daily transactions with the digital rupee.
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Online Course


20 mins

Video duration




On Completion

Badge of completion

With this online course, you will:

Understand the Role of Central Banks in Economic Stability.

Grasp the Implementation and Challenges of CBDCs.

Identify the Benefits of Digital Currencies.

Recognise the Efficiency and Governance Improvements Offered by CBDCs.

Understand India's Digital Transformation and Economic Strategies.

Financial Literacy

Fraud Detection

Digital Transactions

Economic Strategy

Governance Understanding

Course Lessons

Central Bank's Role in Economic Stability

Chapter 1 emphasises the central banks' pivotal role in economic stability, operating independently from governments to manage national currencies. It highlights the Reserve Bank of India (RBI) as an example, responsible for issuing currency and implementing policies to ensure stability and public benefit. 

The Evolution and Expansion of India's Digital Rupee

Chapter 2 details the development and pilot phase of India's digital rupee, launched in late last year with eight banks participating to facilitate internal settlements. Highlighted by Kotak Mahindra Bank's successful first-phase implementation, the digital currency aims for wider inclusion across cities and banks, addressing challenges in public education, infrastructure scalability, and policy formulation. 

Overcoming Challenges in CBDC Adoption

Chapter 3 discusses the challenges associated with implementing the Central Bank Digital Currency (CBDC) in India, focusing on the need for public education and trust, technical infrastructure scalability, security against threats like DDoS attacks, regulatory considerations for currency issuance, and ensuring offline accessibility. 

CBDC in India

Chapter 4 outlines the benefits of introducing the Central Bank Digital Currency (CBDC) in India, focusing on financial inclusion for the unbanked population, enhanced control over currency by the RBI, and the reduction of costs associated with international remittances. It emphasises that CBDCs offer more efficient management of money, saving resources previously spent on printing and transporting physical currency. 

CBDC Efficiency

Chapter 5 highlights the efficiency gains expected from the introduction of the Central Bank Digital Currency (CBDC) in India. It points out that CBDC will expedite and streamline transactions, enhance fraud detection, and reduce the need for intermediaries, thereby lowering costs and increasing transaction speed. 

India's Digital Leap

Chapter 6 discusses India's strategic focus on inclusive banking, improving payment efficiency, and advancing digital transformation across various sectors. The objective is to transition towards a less cash-dependent economy, enhancing control over financial activities to counteract terror funding and money laundering. This shift aims to elevate India's ease of doing business rankings. 

Meet your instructor - Mohit Kanwar

Principal Consultant at Xebia

Mohit Kanwar is the Chapter Lead at Xebia, a global IT consultancy firm that helps clients deliver innovative software solutions. Over 15 years of experience in developing and designing software solutions for global banks and fintechs. Manager and growth of XKE, the knowledge exchange platform for Xebia.