The forecast of cheque payments per inhabitant in India indicates a decreasing trend from 2024 to 2028, with values declining from 0.72 to 0.63. For context, in 2023, this figure was slightly above 0.72, showcasing a continued downward slope. Year-on-year reduction rates are projected at approximately 4.2% between 2024 and 2025 and 2.9% between 2025 and 2026. The projected CAGR through 2028 is 3.3% in decline.

Future trends to watch for:

Increasing digital payment adoption might accelerate this decline.
Emerging technologies in financial transactions could further reduce cheque usage.
Regulatory changes affecting payment systems might impact these metrics.