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Unpacking India's CBDC Pilots as Country Prepares for Digital Rupee

India launched two CBDC pilots last year, a wholesale CBDC and a retail CBDC.

Updated Feb 8, 2023, 9:12 p.m. Published Feb 8, 2023, 3:00 a.m.
(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)
(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)