Ten Years After Demonetisation: Cash Circulation and Tax Base Growth in India
A decade after India's 2016 demonetisation, currency in circulation has more than doubled, reaching 43.16 trillion rupees by October 2026 despite the growth of digital payments like UPI. Concurrently, the number of income-tax return filers increased from 35.1 million in 2014-15 to 85.63 million in 2024-25, alongside a rise in direct-tax collections. This tax base expansion also reflects other reforms such as GST implementation and enhanced tax administration, indicating multiple factors influencing these economic changes.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (54/100). Lens Score 45/100.
Outlets measured: businessstandard, businessstandard. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (52–55/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
businessstandard broke this story on 5 Nov, 11:42 am. Other outlets followed.
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