India faces a perennial shortage of coins. I can safely bet that every person who has spent a few hours either travelling or shopping anywhere in India would have heard this common refrain - Sorry, no change. Be it the autorickshaw driver, your grocery storekeeper or the pushcart fruit vendor - nobody ever has the required change.
So where are the Indian coins disappearing?
All the while I thought it was our regretful habit of hoarding them in our large piggy banks but a recent vist to one of the malls got me the answer to this issue.
Bling it on!
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