India is reckoned in the 96th place on the download speed while on the internet.
The woeful fact is that this speed is much lower as compared to the internet download speed in countries such as Nepal and Bangladesh.
Further, India is rated to be in the 105th place on the list of countries regarding Average Bandwidth Availability.
It is worth noting that countries like Sri Lanka, China, South Korea, Indonesia, and Malaysia are placed ahead of India.
However, at the same time, India is placed 6th in the list of countries with maximum cyber crimes.
With the Indian government keen on implementing cashless transactions, the above situation only indicates the very poor quality of internet service in the country.
Only if these problems are overcome, the government’s major aim of cashless transactions will be realised.