Further cementing India’s decision to introduce an in-house Digital currency central bank (CBDC) in 2022-23, the Reserve Bank of India (RBI) proposed a three-step graded approach for rolling out CBDC “with little or no disruption” to the traditional financial system.

Indian Finance Minister Nirmala Sitharaman talked about the topic of the Budget for 2022 during a February meeting. Digital rupee launched to provide a “big boost” to the digital economy. The annual report Released on Friday by India’s central bank, RBI revealed exploring the pros and cons of introducing a CBDC.