Governor of the Reserve Bank of India: India is preparing for a CBDC-driven economy

ChainCatcher message, the outgoing Governor of the Reserve Bank of India, Shaktikanta Das, expects that the digital rupee will fundamentally change the Indian economy and emphasizes the gradual adoption of CBDC.

In his farewell speech on December 10, Das discussed India's progress in the development of CBDC, noting that many central banks around the world are still in the preliminary discussion and experimentation stages. He stated, "Among central banks, the Reserve Bank of India is a pioneer, as it remains one of the few central banks to have launched a CBDC pilot project."