Outgoing Reserve Bank of India Governor Shaktikanta Das envisions the digital rupee revolutionizing India’s economy through gradual CBDC adoption.
On his last day as the governor of the Reserve Bank of India (RBI), Shaktikanta Das shared his vision to transform India’s economy with a home-grown central bank digital currency (CBDC), the digital rupee.
During the farewell speech on Dec. 10, Das highlighted his six-year-long effort to capitalize on new technologies, including setting up the RBI Innovation Hub in Bengaluru and a regulatory sandbox for fintech innovation.
Speaking about India’s progress in CBDC development, Das noted that many central banks worldwide are stuck in initial discussions and experimentation.
On the other hand, he said, “RBI, among the central banks, is a pioneer,” as it is one of the few central banks to launch a pilot CBDC project.
