Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Cash-to-GDP ratio falls to 11.11%; note circulation at ₹37L cr
The Morning Standard
|May 30, 2025
THE value of banknotes in circulation-to-GDP ratio continues to see a decline as the same fell to 11.11% in FY25 as against 11.5% in FY24, as per the RBI annual report.
The value of banknotes in circulation to GDP ratio was 12.5% two years ago in FY23, indicating success of digital payments.
The value of banknotes in circulation rose by 6% in FY25 to ₹36.88 lakh crore as against ₹34.78 lakh crore, as per the report, which was released on Thursday. As per the RBI's Annual Report for 2024-25, currency in circulation—including banknotes, coins, and digital rupee (e₹)—continued to expand, driven by demand for cash alongside growing adoption of digital alternatives.
This story is from the May 30, 2025 edition of The Morning Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Morning Standard
The Morning Standard
SC rejects Varavara Rao’s petition seeking changes in his bail conditions
THE SC on Friday refused to entertain a plea by activist and poet P Varavara Rao, an accused in the 2018 Bhima Koregaon violence in Maharashtra, seeking modification of his bail condition. Rao has sought modification of the condition which required him to seek prior permission from the trial court if he wished to leave the Greater Mumbai area.
1 min
September 20, 2025
The Morning Standard
BJP, Cong trade charges over Malik’s affidavit on meeting LeT chief in Pak
A political row broke out between Congress and BJP on Friday after BJP claimed that Yasin Malik, associated with the Jammu and Kashmir Liberation Front (JKLF), was personally thanked by former Prime Minister Manmohan Singh when he met Lashkar-e-Taiba (LeT) founder and 26/11 mastermind Hafiz Saeed in Pakistan in 2006.
1 mins
September 20, 2025
The Morning Standard
Ideas for ‘Viksit UP @2047’ gain momentum, 2.25L entries received
NEARLY 2.25 lakh feedbacks have been recorded after the UP government launched the ‘Samarth Uttar Pradesh - Viksit Uttar Pradesh @2047’ drive on September 3, urging people to help shape the state’s Vision Document for 2047.
1 min
September 20, 2025
The Morning Standard
Pharma MSMEs seek relief on NOC, fear losing mkt to China, B'desh
MEDIUM and small-scale pharmaceutical manufacturers have expressed concerns over stringent export NOC (no-objection certificate) requirements, warning that Indian exporters can lose export markets to competitors like China, Bangladesh and Pakistan.
1 mins
September 20, 2025
The Morning Standard
Assamese singer Zubeen Garg dies at 52
ASSAMESE singer Zubeen Garg has passed away following a tragic scuba diving incident in Singapore.
1 min
September 20, 2025
The Morning Standard
Assaulted by classmates, Gujarat girl tries to end life
COVER-UP ALLEGED
1 mins
September 20, 2025
The Morning Standard
Two more shooters held in Patani house firing from Delhi, weapons recovered
DELHI Police has arrested two more shooters accused in the firing incident outside actress Disha Patani’s residence in Bareilly.
1 min
September 20, 2025
The Morning Standard
Pak airspace to remain shut for Indian airlines
PAKISTAN has once again extended its closure of airspace for Indian aircraft and airlines for another month, now till the morning of October 24. This marks the sixth time the neigh-bouring country has extended its airspace restrictions. India is yet to respond to this move.
1 min
September 20, 2025
The Morning Standard
On Pak def pact, India reminds Saudi to honour mutual interests
MEA says strategic partnership with the Gulf country addresses national, regional security
2 mins
September 20, 2025
The Morning Standard
In a first, sunscreen added to WHO Model List of Essential Medicines
FOR the first time, the WHO’s model list of essential medicines includes sunscreen for people living with albinism, a rare genetic condition, a move hailed by health professionals with disabilities.
1 mins
September 20, 2025
Listen
Translate
Change font size