Reserve Bank of India Governor Shaktikanta Das said that while its retail central bank digital currency (CBDC) pilot has surpassed 5 million users, there is no rush to fully roll out a system-wide CBDC. India announced plans for both retail and wholesale CBDCs in the Finance Minister's Budget Speech in 2022. By the end of 2022, the Reserve Bank of India (RBI) has launched pilots of both CBDCs. By the end of 2023, a retail CBDC has completed one million transactions in one day.