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1
KUMAR, HARISH. "Demonetization's Effects: A Study Focused on the Ambala District." Turkish Journal of Computer and Mathematics Education 09, no. 01 (2018): 445–53. http://dx.doi.org/10.36893/tercomat.2018.v09i01.445-453.
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Demonetization is the procedure of eliminating a monetary unit's lawful tender position. Each occasion the monetary system is modified, demonetization is required. A new currency unit must be introduced to replace the previous one. 200 participants were randomly chosen for samples from the Haryana district of Ambala. Four factors—gender, age, annual income, and occupation—have been found to significantly correlate with the effects of devaluation. Demonetization's role in destroying black money came in first place among respondents' rankings, which were then followed by the elimination of social evils including terrorism and corruption.
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Hurtado, Alberto, and Sadcidi Zerpa. "Impact of demonetization 2016 on Venezuelan economy." Revista Estudios de Políticas Públicas 5, no. 2 (November 30, 2019): 16. http://dx.doi.org/10.5354/0719-6296.2019.55353.
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This article aims to analyze the impact of demonetization 2016 on the Venezuelan economy. The Government of Venezuela demonetized the 100 bolívares notes on December 11, 2016, for achieving economic, monetary and price stability, eliminating the smuggling of banknotes, achieving a higher level of efficiency and quality in government management, and eliminating the laundering of bolívares. In this sense, the origin of the measure is presented and the proposed objectives set are explored. It results that the measure generated shortages of cash, changes in production decisions and commercialization of goods, increase in deposits in the Venezuelan banking system, change in the evolution of monetary aggregates, protests in the offices of banking, and a new distribution of the monetary cone. The originality of this work lies in it being a pioneer in analyzing the impact of demonetizations implemented in Venezuela and Latin America. It is concluded that the demonetization represented a monetary shock that altered the evolution of the economy and required complementary measures to mitigate its effects on the welfare of the population.
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NARSAIAH, Neralla. "DEMONETIZATION IMPACT OVER BANKING LOANS & ADVANCES-A CASE STUDY." Business Excellence and Management 9, no. 1 (March 15, 2019): 17–32. http://dx.doi.org/10.24818/beman/2019.9.1-02.
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The demonetization footstep by the Government of India twisted complicated influences in the economy. Complete sectors of the economy had faced and produced mixed sensation results over the decision of demonetization. India’s financial services struggled with demonetization; on the other hand, demonetization affects utmost over the banking sector because it is substantial influenced services to transform money circulation in an Indian economy. Eradicating components of currency notes from circulation in an economy is demonetization. It is as the processes of components of money are denied the status of legal tender. Consequently, ceased currency notes will not be account as valid currency in an economy. The term ‘demonetization’ is an instrument to shrink Inflation, Black Money, Corruption and terror funding, this step discourages a cash dependent economy in India. Government of India drive towards demonetization has given a strong push to the popularity of digital banking and made helps with the alternative arrangements of e-banking and e –wallet to trade and commerce. Exploring the demonetization emergence in an economy and impact on banking services ecosystem dynamics, this study take an abductive approach anchored in over 4 years of case study data regarding. The present study foremost intention is to be analyzing the demonetization impact over banking loans and advances. In this regard the present study is to be examining the pre demonetization and post demonetization period
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Dobhal, Jyoti. "DEMONETIZATION AND ITS IMPACT ON BANKING INDUSTRY." International Journal of Social Science and Economic Research 07, no. 12 (2022): 4052–57. http://dx.doi.org/10.46609/ijsser.2022.v07i12.014.
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Demonetization is an act of stripping a currency unit of its status as a legal tender. In simple words, demonetization is the process by which the demonetized notes cease to be accepted as legal currency for any kind of transaction. After demonetization, the old currency is replaced by a new currency, which may be of the same denomination or may be of a higher denomination. Demonetization is done by a country for various reasons. In India Demonetization happened three times. First time it happened in the year1946 and then in the year 1972. Third time it happened on 8 Nov 2016. It affected many sectors of the nation but banking sector was the most affected one as it was the main channel through which whole economic process had moved on. It was assumed that banking sector had an edge over the rest during the entire exercise of demonetization. It becomes necessary to understand Demonetization effect on banks financial performance as banks financial performance directly related to a country’s economic growth. The present study is made out of available literature on post demonetization. It illustrated how the demonetization affected the banking industry.
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Shamim, Mohd. "Impact of Demonetization Process on the Performance of Nifty." Studies in Economics and Business Relations 2, no. 1 (June 30, 2021): 16–30. http://dx.doi.org/10.48185/sebr.v2i1.284.
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This paper investigates the impact of demonetization process on the performance of Nifty 50 and its Sectorial Indices. The study uses data of closing prices from 28 June 2016 up to 20 March 2017. The study employs descriptive statistics, paired sample T test and ANOVA to evaluate the impact of demonetization process on the performance of Nifty 50 and its Sectorial Indices. It has found that there is statistical significance at the level of 5% that Nifty 50 dropped after the demonetization event as compared to the pre demonetization event. Further, the results reveal that most of Sectorial Indices of Nifty 50 sloped downward post demonetization event and the significance of the statistical results are varied from one sector to another. It is recommended that periodic review of the policy should be made to iron out the negative impacts of demonetization. Also, it is imperative to evaluate the impact of demonetization on the short, medium, and long run to avoid any grey areas for any future policy regarding cashless economy or demonetization.
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Gupta, Vandana, Utsav Asher, and Hunny Jain. "An Analysis of the Impact of Demonetization on Stock Prices and Quarterly Performance of BSE 50 Companies." International Journal of Emerging Research in Management and Technology 6, no. 11 (June 13, 2018): 65. http://dx.doi.org/10.23956/ijermt.v6i11.48.
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The objective of this study is to analyze the impact of demonetization by the Indian government on the stock prices of top 50 BSE companies (based on market capitalization). The authors use event study methodology to calculate abnormal stock returns up to 20 days post-demonetization. It is observed that 54 percent of the companies showed positive impact to demonetization in their stock prices up to the 20th day post demonetization. The quarterly performance of these top 50 companies is analyzed by segregating these 50 companies across 6 sectors and paired sample t-test methodology is applied to assess the quarterly performance pre and post demonetization. Although there have been several viewpoints expressed on demonetization as theoretical and conceptual articles, to the best knowledge of the authors this is the first paper that does an empirical analysis on the top 50 companies by market capitalization for the effect of demonetization.
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Rawat, Shailika, and Nishi Sharma. "Examining the impact of demonetization on banking efficiency: Evidence from bootstrapped estimates after consideration of undesirable outputs." International Journal of Applied Economics, Finance and Accounting 16, no. 2 (May 10, 2023): 222–33. http://dx.doi.org/10.33094/ijaefa.v16i2.963.
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The recent demonetization announced in India led to a massive flow of deposits in banks, which called for efficient disbursement of available funds. Realizing its implication for the financial sector, researchers explored the possible impact of demonetization on the performance, profitability, and efficiency of Indian banks. However, these studies overlooked the non-performing assets, which are a serious concern for banks and have emerged as an undesirable output of the credit creation process. To fill this research gap, the present study investigates the impact of demonetization on the efficiency of domestic banks with due consideration of such undesirable assets. To get bias-free efficiency estimates, bootstrapped data envelopment analysis has been done. The study period has been divided into two sub-periods viz., pre-demonetization period and post-demonetization period. The results indicate that the efficiency of the majority of banks remains unaffected by demonetization. Only 13 banks have got a significant impact, out of which eight banks exhibited better efficiency while five banks were found to be less efficient during the post-demonetization period. However, these changes have been contributed to bank-specific factors, and demonetization cannot be accounted for the same. The findings are useful to banks, regulators, and policymakers.
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Raja Prasad, S. V. S. "Measuring the Efficiency of Indian Real Estate Firms During the Pre- and Post-Demonetization Period by Adopting Data Envelopment Analysis." Baltic Journal of Real Estate Economics and Construction Management 7, no. 1 (January 1, 2019): 98–109. http://dx.doi.org/10.2478/bjreecm-2019-0006.
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Abstract Indian real estate segment has been one of the utmost affected segments of economy contemplating the changes in economic policies. The Indian economy experienced a radical change as an outcome of demonetization and the consequences are perceived on the real estate segment. The current study has been proposed to evaluate the efficiency of Indian real estate firms by adopting the technique of data envelopment analysis during the pre- and post-period of demonetization. The aim of the research is to understand the effect of demonetization on the performance of the Indian real estate firms during the post-demonetization period compared to pre-demonetization period. Eight real estate firms have been considered for the analysis. The firms have been ranked on the basis of the efficiency score. It is evident from the results of the study that there is a significant difference between the ranks of the firms during the period of pre and post demonetization; and it can be elucidated that the demonetization has an impact on the performance of the firms.
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Chaurasia, Sushil S., Surabhi Verma, and Vibhav Singh. "Exploring the intention to use M-payment in India." Transforming Government: People, Process and Policy 13, no. 3/4 (August 8, 2019): 276–305. http://dx.doi.org/10.1108/tg-09-2018-0060.
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Purpose The purpose of this study is to develop a model that explains a user’s attitude toward M-payments in India, based on the motivational model and awareness about demonetization policy. The study also investigates the validity and differential predictive power of four different M-payment usage models, by considering the effect of improved awareness regarding demonetization policy on the core construct of the motivational model. Design/methodology/approach The model was tested with survey data from 362 M-payment users using partial least squares. Respondents were M-payment users with significant usage experience. Findings This study empirically determined that the motivation model and awareness about demonetization policy in M-payment usage after demonetization are connected. As hypothesized, the study found: a positive relationship between extrinsic motivation and intention to use M-payment, positive relationship between awareness about demonetization policy and behavioral intention to use M-payment, positive relationship between intrinsic motivation and extrinsic motivation, positive relationship between awareness about demonetization policy and extrinsic motivation and positive moderation effect of awareness about demonetization policy on the extrinsic motivation-behavioral intention relationships. The hypothesis that awareness about demonetization policy would have a moderating effect on intrinsic motivation–behavioral intention relationship was not supported. Practical implications From a practitioner’s perspective, this study underscores the importance of raising sufficient awareness about the demonetization policy as a determinant of users’ willingness to use M-payment services. Mandatory regulations by the government and motivation toward M-payment use can be a good starting point for a cashless economy. Originality/value This study makes a needed contribution to the literature by validating the integrated motivation model, emphasizing the importance of raising awareness about the demonetization policy among M-payment users. The model may provide a useful foundation for future research in this area.
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Jain, Deepa, K. S. Thakur, and Manoj Kumar Dash. "Demonetization move in India: a conceptual study." Journal of Money Laundering Control 23, no. 4 (April 10, 2020): 863–69. http://dx.doi.org/10.1108/jmlc-12-2019-0100.
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Purpose The purpose of this paper is to explore the real causes of demonetization drive and the future path created by the drive. Design/methodology/approach The study started with a conceptual understanding of the demonetization drive in India and ended with a future impact analysis. For exploring the concept, the authors reviewed various articles, government and corporate reports as well as studies published in newspaper and available online. Findings The study revealed that demonetization is a success in terms of cashless path created to eradicate corruption but a failure in terms of disruption caused in the economy. Thus, appropriate measures could be taken by government to make this daunting step successful in the long run. Research limitations/implications The study is limited only to demonetization concept based on secondary data. Future work may be done keeping in view more empirical data to know the effectiveness of the demonetization drive along with other parameters. Originality/value To the best of researchers’ knowledge, no study tried to uncover the strong reasons behind the demonetization move. The study extends the literature by exploring the real causes and impacts of the demonetization drive through a conceptual lens.
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Srivastava, Dr Surabhi, and Dr Anand Kumar Srivastava. "Impact of Demonetization on Performance of Banks (With Special Reference to Uttarakhand)." International Journal of Innovative Research in Engineering and Management 10, no. 5 (October 25, 2023): 39–44. http://dx.doi.org/10.55524/ijirem.2023.10.5.7.
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Demonetization is the strongest policy that is used against many illegal elements such as corruption and inflation to reform the economy. The concept of Demonetization is not new almost across the globe has adopted Demonization to upgrade their financial system. India adopted the Demonetization three times: first on January 12, 1946, and second on January 16, 1978. But the term Demonetization became well known on November 8, 2016 when P.M. Narendra Modi suddenly demonetized the Rs. 500 and Rs.1000 bank notes of Mahatma Gandhi series with the prime objective to curb the black money and counterfiet currency. This monetary step shaked each segment of economy in which banking performance was significantly affected. Their depositposition, Advance Policy, NPAs and Liquidity were impacted at some or large scale. Therefore, the present study has analysed the impact of demonetization on the performance of banks (with special reference to Uttarakhand) and found that there is no significant impact of demonetization on the overall performance of banks in Uttarakhand State.
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Abhishek, Parikh. "Impact of Demonetization on Shareholders’ Wealth: Case of India." Asian Journal of Empirical Research 9, no. 9 (September 18, 2019): 217–29. http://dx.doi.org/10.18488/journal.1007/2019.9.9/1007.9.217.229.
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This paper examines the impact of demonetization on shareholders’ return in India. After the demonetization announcement in India (8 November 2016) money became a significant source of stress. It is documented that this announcement had various effects on individual, social, and economic levels. The data of shareholders’ returns from before and after demonetization for 60 months from October 2012 to November 2017 were collected using a capital line database. The results depict that demonetization ruined shareholders’ wealth for 12 months. However, in the long run it gives investors very attractive returns.
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SUNDAR KAPRI, SHYAM. "Impact of Demonetization on the Indian Economy." Turkish Journal of Computer and Mathematics Education 09, no. 03 (2018): 1017–26. http://dx.doi.org/10.36893/tercomat.2018.v09i03.1017-1026.
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Demonetization is the procedure for eliminating a monetary unit's legal tender status. In an effort to combat black money, corruption, and counterfeit money, the Indian government executed demonetization by banning the 500 and 1,000-rupee notes in November 2016. The decision provoked mixed responses, with some applauding the government's audacity and others criticizing it for seriously disrupting the economy. The impacts of demonetization on the Indian economy, including their implications on GDP, inflation, employment, and other economic indices, are thoroughly looked at in this paper. Demonetization impacted the Indian economy in the near term, the research finds, but its long-term repercussions are yet unknown but they can be assumed. (Veerakumar, 2017) This study uses data from 2015 to 2017 to provide a longitudinal analysis of the effects of demonetization on the Indian economy. Statistical techniques including regression analysis, t-tests, and time-series breakdown are used in the analysis. This paper will also discuss reviews of different individuals on demonetization as well as the people who were arrested during this time period.
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Padhi, Vijaykumar Rank. "“A STUDY ON IMPACT OF DEMONETIZATION OF BANKING SECTOR”." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 05 (May 30, 2024): 1–5. http://dx.doi.org/10.55041/ijsrem35112.
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Demonetization, a significant economic policy initiative, has sparked debates and investigations into its multifaceted impacts across various sectors. This study delves into the repercussions of demonetization specifically on the banking sector. By employing a mixed-methods approach, combining quantitative analysis and qualitative insights, this research comprehensively examines how demonetization has influenced the banking industry's dynamics, operations, and customer behavior. The study reveals nuanced consequences, including shifts in deposit patterns, changes in lending practices, alterations in digital banking adoption, and implications for financial inclusion efforts. Moreover, it investigates the role of regulatory responses and policy measures undertaken by banking institutions to navigate the challenges and capitalize on emerging opportunities post-demonetization. Through an exploration of both short-term disruptions and long-term structural transformations, this research contributes to a deeper understanding of the intricate interplay between demonetization and the banking sector, offering valuable insights for policymakers, industry stakeholders, and academic researchers. Keywords: Demonetization, Banking Sector, Economic Policy, Financial Inclusion, Regulatory Responses, Digital Banking, Customer Behavior, Lending Practices, India, Mixed-Methods Analysis.
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Panah, Abdul Masood, and Y. Muniraju. "AN EXPLORATORY STUDY ON EFFICACY OF DEMONETIZATION IN INDIA: POLICY ROLLOUT ON DEMONETIZING OLD CURRENCY." Australian Finance & Banking Review 5, no. 1 (February 28, 2021): 1–28. http://dx.doi.org/10.46281/afbr.v5i1.1007.
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Demonetization is the process of declining the use of currency from circulation by the government or monetary authorities in a country. This research paper analyses the efficacy of Indian demonetization from common public perspectives, the policy that the government of India has implemented to fight against black money, drying the financial roots of terrorism, and direct the civilization towards digital transactions and a cashless economy. A field survey was conducted in Karnataka and Kerala’s coastal region by distributing a structured questionnaire among the common public to generate the data. The authors run descriptive statistics and ordinal regression analysis to obtain the result for the study’s objectives. The descriptive statistics result found that demonetization increased the number of bank account holders in India. There is not much impact of demonetization on controlling evasion of tax and illegal investments of black money, and the policy adversely affects regular business in the country. The findings from ordinal regression reveal that the time frame was given to the public to demonetize their old notes were sufficient; money circulation was well planned at the time of demonetization. The policy implemented at the right time and the common public, despite facing enormous challenges while purchasing goods and services at the time of demonetization, considers that demonetization implementation was effective.
JEL Classification Codes: E5, E6, E7, E58, E60.
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Kingsley, Sara, Proteeti Sinha, Clara Wang, Motahhare Eslami, and Jason I. Hong. ""Give Everybody [..] a Little Bit More Equity": Content Creator Perspectives and Responses to the Algorithmic Demonetization of Content Associated with Disadvantaged Groups." Proceedings of the ACM on Human-Computer Interaction 6, CSCW2 (November 7, 2022): 1–37. http://dx.doi.org/10.1145/3555149.
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Algorithmic systems help manage the governance of digital platforms featuring user-generated content, including how money is distributed to creators from the profits a platform earns from advertising on this content. However, creators producing content about disadvantaged populations have reported that these kinds of systems are biased, having associated their content with prohibited or unsafe content, leading to what creators believed were error-prone decisions to demonetize their videos. Motivated by these reports, we present the results of 20 interviews with YouTube creators and a content analysis of videos, tweets, and news about demonetization cases to understand YouTubers' perceptions of demonetization affecting videos featuring disadvantaged or vulnerable populations, as well as creator responses to demonetization, and what kinds of tools and infrastructure support they desired. We found creators had concerns about YouTube's algorithmic system stereotyping content featuring vulnerable demographics in harmful ways, for example by labeling it "unsafe'' for children or families -- creators believed these demonetization errors led to a range of economic, social, and personal harms. To provide more context to these findings, we analyzed and report on the technique a few creators used to audit YouTube's algorithms to learn what could cause the demonetization of videos featuring LGBTQ people, culture and/or social issues. In response to the varying beliefs about the causes and harms of demonetization errors, we found our interviewees wanted more reliable information and statistics about demonetization cases and errors, more control over their content and advertising, and better economic security.
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Khan, Asif. "Decrypting Demonetization and its impact on the sustainable economic growth in India." Revista Review Index Journal of Multidisciplinary 2, no. 2 (June 30, 2022): 01–08. http://dx.doi.org/10.31305/rrijm2022.v02.n02.001.
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This paper addresses the impact of Demonetization on sustainable economic growth in India after five years of Demonetisation in India. The study is exploratory. The data was collected through purposive sampling. Bank Managers, academicians and scholars located in New Delhi were interviewed. The unstructured interview schedule was used. The data pointed out that Demonetization adversely impacted the sustainable economic growth, as the informal sector in India, which constitutes more than ninety per cent of the total population of India, got severely affected by this move and was unable to continue contributing to the economy of India as the sector was doing in the pre-demonetization period. This paper will help understand the phenomena of Demonetization and the impact of the call for Demonetization on the sustainability of the Indian economy. Since the concept has not been researched sufficiently in the country, therefore, has ample scope to study further. The small sample size and location were the limitation.
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Raza, Sohail, and Shahzad Munir. "Did Demonetization Affect Indian Stock Market?" International Research Journal of Business Studies 15, no. 1 (June 24, 2022): 1–15. http://dx.doi.org/10.21632/irjbs.15.1.1-15.
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This study explores the impact of ”2016 demonetization” on the stock market in India. The policy declared 86% of cash in circulation in the form of Indian rupees (INR) 500 & 1000 notes as an illegal tender effective from midnight of November 8, 2016. However, India’s government progressively released new 500 and 2000 INR notes over the next few months. Following the demonetization announcement, stock prices of cash-sensitive industries like consumer goods and financial services dropped rapidly, reflecting a significant reduction in demand. This study focuses on the short-term effects of demonetization on the stock prices of 100 publicly listed firms using their daily stock data. We use estimating windows within 60 days of the announcement and then capture the short-term effects of demonetization by employing the Ordinary Least Square (OLS), the Fixed Effect (FE), and the Random Effect (RE) methods. Estimation results demonstrate that demonetization effectively decreases stock prices.
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Mary, Judit A., and Subi G. Sweetlin. "Impact of demonetization on unorganised labour." B-Research 24, no. 1 (2024): 21. http://dx.doi.org/10.26634/bresearch.24.1.20903.
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Demonetization is the process of withdrawing a particular form of currency from circulation. It becomes necessary whenever there is a change in the national currency, where the old currency is replaced by a new one. This process involves either introducing new notes or coins or completely replacing the old currency with the new one. Such measures are often carried out to curb activities in the black market. The first demonetization occurred on 12th January 1946, followed by the second on 16th January 1978, and the third on 8th November 2016, during which Rs. 1000 and Rs. 500 currency notes were demonetized, accounting for 86 per cent of the total currency in circulation. This study focuses on the impact of demonetization on the unorganized labor sector. The objectives of the study are to understand the socio- economic conditions of unorganized laborers and to explore their opinions on demonetization. Consequently, this paper concludes by discussing the broad implications of demonetization on the unorganized sector, particularly on its labor force.
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Rizwana Begum, A. Varalakshmi, Mohammad Mona, Mohammed Afreen Sana, Moluguri Keerthi, and Momena Begum. "Impact of Demonetization on Electronic Banking: An Analytical Study." international journal of engineering technology and management sciences 8, no. 2 (2024): 318–24. http://dx.doi.org/10.46647/ijetms.2024.v08i02.040.
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This research investigates the multifaceted repercussions of demonetization on electronic banking, examining the transformative effects on financial systems and consumer behavior. Key components of the study include an assessment of the immediate and long-term impacts of demonetization on electronic banking adoption, transaction volumes, and security concerns. The analysis encompasses a comprehensive review of key financial indicators, regulatory changes, and technological advancements in the electronic banking landscape post-demonetization.
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Sinha, Manish, Dipasha Sharma, and Pratima Amol Sheorey. "How did Markets and Public Sentiment React During Demonetization? Study of a Significant Event in the Indian Economy." Australasian Business, Accounting and Finance Journal 16, no. 5 (2022): 130–52. http://dx.doi.org/10.14453/aabfj.v16i5.09.
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The present study aims to determine the impact of shock of demonetization which happened in November 2016 in India. It has been observed in literature that while the market moves due to unforeseen events, market movements are largely affected by news reports on such events. Considering these two threads and the association between them, the study follows mixed method research methodology and assesses the impact of demonetization on stock market movement through time series analysis and text analytics of news items generated during the period. This study examines, through time series analysis, the impact of demonetization as an unexpected event on stock market movement. Time series analysis evaluates the impact on overall stock market movements and on sectoral indices, liquidity shocks in the emerging Indian economy due to demonetization. This study integrates time series analysis with robustness tests and follows text analytics, news analytics and sentiment analytics to gauge public sentiment (influenced by media coverage) during the event. These evaluations validate negative movements in the market and most of the sectors due to the negative sentiment of people about demonetization.
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SHYAM SUNDAR, ITIKELA. "DIGITAL TECHNOLOGY IN BANKING POST DEMONETIZATION." International Journal of Engineering Technologies and Management Research 7, no. 7 (July 7, 2020): 8–14. http://dx.doi.org/10.29121/ijetmr.v7.i7.2020.711.
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This research investigates the differences in the technology adoption behaviour of customers of Indian banks during the pre and post demonetization phase. The Survey results of 200 bank customers in India find that the Indians are still holding back from embracing the digital platforms to make payments. The study could not establish the constructive effects of demonetization in e-banking adoption behaviour, despite the significant growth in the use of small digital payment platforms like Paytm. However, the usage of Point of Sale (POS) machines for transacting payments has increased tremendously. The research finds drastic reductions in the use of other e-payment modes during and after demonetization. In that sense, the study concludes that the demonetization negatively affects the technology banking adoption behaviour of customers of Indian banks.
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Ahmad, Irfan, and Nisha Khan. "Demonetization and Indian Economy." Asian Journal of Research in Banking and Finance 7, no. 8 (2017): 60. http://dx.doi.org/10.5958/2249-7323.2017.00092.x.
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Agrawal, Abha. "Demonetization and cashless economy." ACADEMICIA: An International Multidisciplinary Research Journal 8, no. 6 (2018): 73. http://dx.doi.org/10.5958/2249-7137.2018.00035.6.
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Jain, Vipin. "An overview of demonetization." ACADEMICIA: An International Multidisciplinary Research Journal 11, no. 11 (2021): 1015–21. http://dx.doi.org/10.5958/2249-7137.2021.02571.4.
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Lahiri, Amartya. "The Great Indian Demonetization." Journal of Economic Perspectives 34, no. 1 (February 1, 2020): 55–74. http://dx.doi.org/10.1257/jep.34.1.55.
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On November 8, 2016, India demonetized 86 percent of its currency in circulation. The stated objectives of the move were to seize undeclared income, to destroy counterfeit currency, to speed up formalization of the economy, and to increase the tax base. I find that the evidence over the subsequent three years suggests that the move had limited success in achieving its stated objectives. Disaggregated data suggests that demonetization did have appreciable costs in terms of lost jobs and output. However, the output costs appear to have been temporary.
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Paudel, Janardan. "Need of Demonetization to wash away the Black Money of the Corrupt People and Market: A Review of the Lesson from India." Medha: A Multidisciplinary Journal 6, no. 1 (September 30, 2023): 34–39. http://dx.doi.org/10.3126/medha.v6i1.63955.
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This research paper presents corruption and demonetization with respect to some impacts on people, production and market. The research question to be answered is" Why was demonetization of Rs. 500 and 1000 notes in India and Nepal needed? The methodology is qualitative and related to interaction with people and document analysis. Demonetization is the process of stripping units of currency from their legal status. After demonetization, those units of currencies will not be used as before. It means their age will be passed away. The units of currencies will have no any existence. If someone circulates these units of currencies after demonetization, it will be a matter of fraud or doing illegal activity and the person will be the subject of deserving candidate for legal action and punishment for blackmailing government and people. Narendra Modi's midnight announcement of the legal proceeding of demonetization of the notes of Rs 500 and 1000 made the silently sleeping citizens wake up around the thunderstorm without cloud and amidst many sink holes without landslides. Millions of corrupted people counting their dreamful beautiful golden notes turned amongst heavy and scaring ghosts haunting around them. This situation was nearly compared to the philosophy of Nietzsche's "Death of God". It is because blackmailed money is the form of God for the blackmailers. The silent sound turned into the unending shape of murderer. It was one of the greatest decisions made by The Prime Minister of India, Narendra Modi, in the history of India and other territories in the proximity of India. In the overall situation, it was a feeling of patriotic ideology in controlling black money in India, Nepal and Bhutan.
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Kohli, Renu. "Demonetization and Policy Credibility: Does India Pass Muster?" Indian Public Policy Review 3, no. 1 (Jan-Feb) (January 14, 2022): 18–41. http://dx.doi.org/10.55763/ippr.2022.03.01.002.
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This paper examines India's demonetization from the standpoint of policy credibility, employing the standard norms for assessing macroeconomic policies. The credibility appraisal constructs a narrative from contemporaneous economic records, computes the f iscal and quasi-f iscal bailout costs for mitigation, monetary costs of implementation, as well as effects upon the financial sector using public data and other empirical evidence. It considers counterfactual policy tools to examine if demonetization objectives could have been more effectively achieved at lesser costs. Based upon these comprehensive measures, the paper concludes that demonetization does not meet the established principles of credibility in the macroeconomic literature.
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Murugan, K., M. V. Sathvika, and S. Deepasri. "Impact of digital India on society during demonetization." i-manager's Journal on Economics & Commerce 3, no. 2 (2023): 43. http://dx.doi.org/10.26634/jecom.3.2.19888.
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The term 'Digital India' refers to the transformation of India into a digitally empowered knowledge economy. It is an Indian government project to integrate government departments and the citizens of India. It strives to make government services available to citizens electronically by minimizing paper effort. It describes the program's various opportunities for the people of the country. Every country wants to be fully digitalized, and this initiative seeks to benefit both the user and the service provider equally. As a result, an attempt has been made to comprehend Digital India, in which technologies and connections would interact to affect all facets of governance, particularly during demonetization. The act of removing a currency unit's legal tender status is referred to as demonetization. The primary goal of this research is to determine the influence of digital India on demonetization. Also, to know if this has affected people's transactions and purchasing habits in India, The results indicate a significant association between annual incomes and price increases following demonetization. It also establishes a notable relationship between people's occupations and the shift toward a less-cash economy.
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V, Kiruthiga. "Upshot of Demonetization in India." International journal of Emerging Trends in Science and Technology 03, no. 11 (November 29, 2016): 4788–90. http://dx.doi.org/10.18535/ijetst/v3i11.11.
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Syngle, Tanya. "Impact of Demonetization on Women." Management and Economics Research Journal 03 (2017): 78. http://dx.doi.org/10.18639/merj.2017.03.520618.
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This is the first study to investigate the psychosocial impact of demonetization of 2016 in India in two opposing strata of women in the context of their social backgrounds. It provides valuable insights into the social behavior of women before, during, and after demonetization. It attempts to analyze the reasons behind the observed social behavior as well. This study demonstrates that irrespective of the social strata, difficulties encountered by women in the aftermath of demonetization were similar in the community surveyed but responses appeared to be dictated by social background and awareness. In addition, this study underscores a need for greater awareness creation with respect to various social schemes launched by the government among the women, particularly those working in unorganized sector for their greater financial inclusion.
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Panah, Abdul Masood, and Y. Muniraju. "DEMONETIZATION AND IMPROVISATION OF VALUE CHAIN DYNAMIC IN AFGHANISTAN: AN EXPLORATORY STUDY." International Journal of Accounting & Finance Review 5, no. 4 (November 17, 2020): 23–38. http://dx.doi.org/10.46281/ijafr.v5i4.880.
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Demonetization is the elimination of the backing of the money granted by law to the notes is, therefore, legal tender. On Wednesday_ September 2002, the new president of the transition government announced from television to the people of Afghanistan that the decision had been reached in response to Afghan and foreign experts. They had advised the new Government to replace the currency and reform Afghanistan’s banking system. “This will help in controlling the massive inflation and stabilize the economy. A survey was conducted with a pre-tested questionnaire among the common public in Kabul and Parwan’s main two provinces to collect their views on factors associated with demonetization in Afghanistan. PCA (Principal component analysis) technique has been used for factor extraction and dimension reduction using the Varimax orthogonal rotation. The top key factors related to the implementation of demonetization have been identified as socio-economic factors, public hardships, challenges, and implementation challenges. The survey data’s descriptive analysis shows that most survey respondents either ‘strongly agree’ or ‘agree’ with the 19 measures on perception and opinion of the common man (general public) on demonetization in Afghanistan.
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Roy, Priyanka, Annalisa Grandi, and Enrico Pira. "On demonetization short term effects: Psychosocial risks in tea garden workers." Work 69, no. 1 (May 26, 2021): 265–74. http://dx.doi.org/10.3233/wor-213475.
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BACKGROUND: In November 2016, the government of India declared 86%of the total money in circulation as demonetized. This policy was brought into effect overnight, and it had great macro socioeconomic impact not only on the economy of the country but on the common people, especially the socioeconomically challenged. While several researchers have focused on, and continue to investigate, the effects of demonetization on the economy, its impact on the psychosocial health of workers has not yet been studied. OBJECTIVE: To provide an exploratory investigation of the psychosocial consequences of demonetization on the workers in Indian tea gardens. METHODS: A qualitative research approach was employed. Face-to-face interviews were conducted with seven key informants (clinicians and executives/managers), and 36 tea garden workers were involved in six focus groups. Collected data were analyzed using the Template Analysis technique. RESULTS: From the data analysis, five main themes emerged concerning the psychosocial factors involved in demonetization effects: socioeconomic changes, organizational consequences, workplace interpersonal relationships, work-family interface, and psychophysical symptoms. CONCLUSIONS: This preliminary study highlighted the significant impact that demonetization had on tea gardens at both the organizational and individual levels.
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Goel, Sandeep. "The big bath of demonetization in India: strike on black money for corporate governance." Journal of Money Laundering Control 21, no. 4 (October 1, 2018): 594–600. http://dx.doi.org/10.1108/jmlc-11-2017-0063.
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Purpose This paper aims to focus on the concept of abolition of black money and the demonetization movement started in India for cleaning black money and its impact on corporate world and Indian economy. It discusses the corporate governance effect of the demonetization scheme and various policy measures taken by the government to unearth and curb the black money in the country. It also states the challenges in its process of implementation and implications for future. Design/methodology/approach It appraises and reviews the concept of demonetization and its process in India since its implementation on November 8, 2016. Findings The biggest positive effects of this move were eradication of stocked and staked up money, cleansing of the financial system and improving governance in India. But its implementation had mix outcomes with its own challenges for future improvement. Practical implications The lessons drawn from the experience are expected to pave way for the countries at large. Originality/value It is an original paper on demonetization in India, and it is hoped that the lessons learnt thereof will pave the way for the world at large.
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Upadhyay, Deepika, and Swetha Wenona Suvarna. "Impact of Demonetization on the Indian Stock Market." Paradigm 22, no. 2 (August 7, 2018): 175–84. http://dx.doi.org/10.1177/0971890718788226.
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Demonetization is the act of eradicating a currency unit from circulation. Indian economy witnessed this on 8 November 2017 when Prime Minister Narendra Modi announced that the two highest denomination currency notes, that is, ₹500 and ₹1,000 ceased to be legal tender. As most of the transactions in the country are based on cash only, the announcement resulted into huge hue and cry nationwide. It was estimated that approximately 86 per cent of cash was washed off from circulation. The currency notes that were rendered invalid were replaced by the new currency notes of ₹500 and ₹2,000 later. The article intends to investigate the impact of demonetization on the Bombay Stock Exchange (BSE). An event study methodology has been used to analyse the impact of the announcement on its most important index—S&P (Standard & Poor’s) BSE SENSEX index and the 30 top trading stocks which comprise S&P BSE SENSEX. The study period is divided into pre- and post-demonetization announcement. The empirical results indicate that there was no striking impact of the demonetization announcement on the stock returns during the period of the study.
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M. Al-ahdal, Waleed, Najib H.S. Farhan, Mosab I. Tabash, and T. Prusty. "The impact of demonetization on Indian firms’ performance: does company’s age make a difference?" Investment Management and Financial Innovations 15, no. 3 (July 17, 2018): 71–82. http://dx.doi.org/10.21511/imfi.15(3).2018.06.
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The main aim of this paper is to evaluate the impact of demonetization on Indian firm’s quarterly financial performance before and after demonetization period (March-December, 2017), and to find out if companies’ age helps to face financial disruption. Four variables, which are net sales, total income, net profit after tax, and earnings per share, were taken as proxies for analyzing the quarterly financial performance of 2,892 companies listed on Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and Calcutta Stock Exchange (CSE). Nonparametric test, particularly Wilcoxon Matched-Pairs Signed Rank Test and Kruskal-Wallis one-way analysis of variance, were applied in analyzing the data. Results reveal that there is a statistically significant difference between the financial performance before and after demonetization at 5% level of significance. It was also found that the decrease/increase in the financial performance of all the firms was affected by the demonetization process, irrespective of their ages. The findings could be useful for financial managers and financial consultants, as they would be able to focus on the issues that matter most at the time of financial disruption.
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Gana, Rajaram. "Demonetization: did India face the St. Petersburg paradox and lose." Journal of Governance and Regulation 6, no. 4 (2017): 30–38. http://dx.doi.org/10.22495/jgr_v6_i4_p3.
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In 2016, India demonetized 24% of its currency notes (viz. 86% in cash value) in circulation presuming this will remove “black” (illicit) and counterfeit cash holdings, and combat money laundering. This was the largest demonetization experiment in recent history. Although demonetization has occurred several times before, no unambiguous economic argument for, or against, it exists. This was a key enabler for demonetization, yet again. This paper argues that the St. Petersburg Paradox (SPP) provides a compelling argument against demonetization. Assuming the distribution of cash is lognormal, it is shown that the probability of black cash holdings will be small. If not, the holders would: a) be irrational because they are willing to accept, contrary to the SPP, the small probability of a large loss, by effectively perceiving it as zero, without using all means to immunize themselves against it; or b) be sure their cash can be legitimized via collusion with the State; or c) be sure they can incentivize law-abiding citizens to act as agents to legitimize the cash for a reasonable fee. Assuming rationality and no bureaucratic support, large probabilities of black cash holdings imply that many more law-abiding patriotic citizens have to be corruptible than seems rational.
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Sanjoy Laha and Rabin Mazumder. "Impact Of Demonetization On The Economic Parameters That Affect The Growth Of Nonperforming Asset Of Indian Banks." GIS Business 15, no. 1 (January 22, 2020): 176–84. http://dx.doi.org/10.26643/gis.v15i1.18251.
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The demonetization decision by the government of India affected almost all service sectors of Indian economy, out of which the banking sectors were affected the most. Due to demonetization bulk amount of old currency notes of INR 500 and INR 1000 were deposited to banks; that not only increased the capital base of banks, but those un-used cash boosted the liability of loan disbursement. Again the reducing interest rates, providing account opening facility and issuing loan to the depositors by banks without judging their repayment ability resulted a chance of increasing number of defaulters and the value of nonperforming assets. Considering the scenario the present research work tried to focus on the impact of demonetization towards the movement of nonperforming assets of Indian banks. A multivariate regression analysis was performed by considering income, expenditure and net profit ratio as internal and the percentage change of India’s GDP, inflation and foreign exchange rate as external independent variables towards the net nonperforming assets changes of Indian public and private sector banks as dependent variable from financial year 2016-17 to 2018-19. Though the outcome of the study revealed that demonetization helped to reduce the nonperforming asset values in short run but in long run it would stimulate the growth of nonperforming assets.
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Aditi Agarwal, Ritika Lata, Raju Ram, Srishti Sharma. "The impact of demonetization on Indian economy." Tuijin Jishu/Journal of Propulsion Technology 43, no. 4 (November 26, 2023): 184–86. http://dx.doi.org/10.52783/tjjpt.v43.i4.2330.
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The demonetization strategy implemented by the Government of India on November 8th, 2016, was designed with the objective of eliminating illicit funds inside the economy and curbing the circulation of counterfeit currency, which were believed to be utilized for the purpose of financing acts of terrorism. Two further significant aims were to broaden the formal economy's scope and to make gradual progress in digital transactions. However, the implementation of this policy shock was deemed unjustified due to its potential to disrupt economic operations, particularly in the short term. The advantages and disadvantages of this approach have been subject to substantial deliberation and analysis within the realm of print media and policy discourse. However, it has been observed that there is a lack of empirical information about the influence of this policy shock on economic activity. Within the confines of this particular setting, employing econometric research, the current investigation has ascertained that demonetization did not provide a statistically significant influence on the general trajectory of economic growth. Instead, the repercussions were confined to certain sectors. Likewise, the effect of demonetization on inflation was particularly noticeable in relation to food costs only. However, a significant policy implication arising from demonetization is the transformative impact it has had on digital transactions in the years following its implementation.
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Sarkar, Swapan, and Priyadarshini Chatterjee. "Demonetization Effect on Digital Banking." Management Accountant Journal 54, no. 7 (July 31, 2019): 70. http://dx.doi.org/10.33516/maj.v54i7.70-80p.
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Pachare, Smita Mahesh. "Demonetization: Unpacking the Digital Wallets." We'Ken- International Journal of Basic and Applied Sciences 1, no. 4 (December 1, 2016): 180. http://dx.doi.org/10.21904/weken/2016/v1/i4/109112.
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Fatima, Asra. "Effects of Demonetization in India." International Journal of Economics and Management Studies 4, no. 3 (April 25, 2017): 60–63. http://dx.doi.org/10.14445/23939125/ijems-v4i3p111.
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Pandey, Mukesh Kumar, and Umakant Yadav. "Theory and Practice of Demonetization." Humanities and Development 18, no. 1 (June 20, 2018): 149–52. http://dx.doi.org/10.61410/had.v18i1.132.
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Demonetization, or D-M, is the National Democratic Alliance government's most divisive policy move. A few months prior to the state assembly elections in Uttar Pradesh in 2017, the D-M surprise revelation worked in favor of the BJP, enabling them to win a stunning 325 seats. In this background, it is imperative to revisit the impact of D-M on Indian economy from the view point of theory and practice both. This article is intended to examine two important issues. First, is there any theoretical ground behind this move and what do theories say about impact of D-M on macroeconomic variables? Does this move guaranteed a more equitable society than hitherto, will redistribution of wealth and resources take place in favor of common man? This article concludes that the unprecedented move have neither been any well being effect on common man nor for the economy as a whole. Mainstream economists and traditional policy makers will remember this move as fundamentally flawed and mistaken.
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Modak, Kali Charan, and Vivek S. Kushwaha. "Pre and Post Impact of Demonetization on Economic Growth: Evidence from Countries Implemented Demonetization." Abhigyan 36, no. 1 (June 30, 2018): 1–10. http://dx.doi.org/10.56401/abhigyan/36.1.2018.1-10.
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Modak, Kali Charan, and Vivek S. Kushwaha. "Pre and Post Impact of Demonetization on Economic Growth: Evidence from Countries Implemented Demonetization." Abhigyan 36, no. 1 (June 2018): 1–10. http://dx.doi.org/10.56401/abhigyan_36.1.2018.1-10.
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Roy, Maitreyee Bardhan. "Politics of Demonetization: Its effect on the Village Economy in India." Sociology International Journal 6, no. 2 (April 28, 2022): 57–65. http://dx.doi.org/10.15406/sij.2022.06.00264.
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The Government of India` s call for demonetization on 8th November 2016 banning Rs500/-and Rs1000/- notes was originally accepted as a positive step to discourage the black marketers and the rackets in hoarding to rule over the society. Unfortunately the long term effect of such a hurried decision became a boom to the agri-business based on soft cash. The agribusiness chain became the worst effected group. The chain included non-formal agricultural sector small earners in the agricultural field the farmers as the fragmented land holder and the producers thriving on the instant sale of their products and also those depending on middleman for the disbursement of funds and purchase of products for storage and dispersal of the same to the consumers` market for constant supply. Demonetization discouraged the middleman to put cash in the producing and disbursement. Thereby demonetization dismantled the overall economic chain of production and distribution resulting havoc in agro business market. The small farmers became the main victims of the circumstances. The banning of money economy on the one hand created scarcity in the families based on ancillary agro-production and it also hampered the family income of the rural farmers. Considering the boom in the village economy as an outcome of demonetization the present article makes an effort to gather firsthand information on the position of rural farmers and other non-formal rural occupation group as an outcome of demonetization announced by the Prime Minister of India. The focused area of the study include the selected villages in the northern part of West Bengal. They are rich in agro-based products run by the self-contended but marginal women farmers group thriving on export of their products to the Nepal Market. Their family males are involved in other ancillary employment like pendal making for marriages and other social gatherings running grocery shops and hawkers selling garments and cloths. The women in their families are involved in the varieties of occupation like working as Anganwari preparing mid-day mill working in the road side motels run by the Government (Pother Sathi ) and also working as a liaison of the Government Agriculture Department of the District through their Farmers` Club. The region marked as the second best agro-production area in West Bengal but their business thrives on cash transaction. Keeping in mind the PM`s speech on November 8th 2016 as a pro-poor program the present study focuses on the effect of demonetization on the poor women farmers by reaching out to the farmers families.The survey was done on December 2017 to observe the post demonetization effect in the reality scenario. Interestingly a similar survey was carried out by the researcher in 2015- 2016 and the field survey report was presented in the form of a research paper entitled ` the Role of Women in Agriculture ` in University of Vienna Austria under the International Sociological Forum in July 2016.This has enabled the researcher to gather knowledge on the economy of women community in the rural areas of North Bengal and a part of the West Bengal State. The life and living of these enthusiastic women community gave an impetus to the researcher to visit them and to learn the effect of demonetization in their life.2 The present paper is the outcome of the survey made by the researcher for the second phase in December 2017 during the post demonetization period.
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Mohindra, K. S., and Subrata Mukherjee. "Can Short-term Economic Policies Hurt the Health of the Poor? Demonetization in India." International Journal of Health Services 48, no. 3 (April 25, 2018): 482–94. http://dx.doi.org/10.1177/0020731418772465.
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In November 2016, the Government of India (GOI) demonetized the commonly used Rs500 and Rs1,000 denominations. This was a short-term economic policy, known as notebandi, implemented as a means to address black money, counterfeit currencies, and terrorist activities. Notebandi was unrolled in a chaotic, confusing, and complex manner, leaving many people with limited access to cash in their daily activities. And the poor, who tend to earn their livelihoods from cash, were faced with economic exclusion and even destitution. In this paper, we argue that demonetization had disproportionately negative consequences on the poor and trace the main pathways between demonetization and the health of the poor. We conclude by calling on public health researchers to monitor and evaluate the health consequences of India’s latest demonetization and to rapidly assess future policy initiatives in order to help advise governments in devising and implementing economic policies that does not harm the health of people, especially the poor.
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Sobti, Neharika. "Impact of demonetization on diffusion of mobile payment service in India." Journal of Advances in Management Research 16, no. 4 (October 23, 2019): 472–97. http://dx.doi.org/10.1108/jamr-09-2018-0086.
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PurposeThe purpose of this paper is to explore the antecedents of the behavioral intention and adoption of mobile payment services like m-wallets and m-banking by users in India. This is done by examining the diffusion of mobile payment technology within an extended framework of the Unified Theory of Acceptance and Use of Technology (UTAUT) model. The study attempts to extend the UTAUT model further by introducing three more constructs, namely- perceived cost, perceived risk and demonetization effect and analyzes the impact of demonetization that happened in India from November 8, 2016 to December 30, 2016 on the mobile payment service adoption process. Demonetization event is a case in point to assess whether forced adoption breaks the normal diffusion process or lends support to the same in the long term.Design/methodology/approachA survey was conducted in order to gauge the intention behind the adoption of mobile payment modes by users in India. The questionnaire was administered online solely and 880 responses were received within a period of 20 days from February 3, 2017, to February 23, 2017, using Google Forms as a medium. Usable responses were 640. The study adopted partial least square based structural equation modeling (PLS-SEM) technique to analyze the relation between latent variables: performance expectation, effort expectation, social influence, facilitating conditions, perceived cost, perceived risk, demonetization effect, behavioral intention and usage. For this purpose, SmartPLS3.0 software was used to create path diagrams and calculate estimate the significance of factor loadings using the bootstrap technique.FindingsThe key results indicates that behavioral intention, demonetization and facilitating conditions have a positive and significant impact on the adoption of mobile payment services in India. Overall, Model 3, which was extended UTAUT model, was observed to be a better model in explaining the antecedents of behavioral intention and usage. In addition to UTAUT antecedents, perceived cost and perceived risk proved to have additional explanatory power as antecedents of behavioral intention. Age acts as a moderating variable consistently across three models, implying that younger users give more importance to effortless interface of mobile payment services and get more influenced by peers and society that shapes their intention to use mobile payment services.Originality/valueIt is first of its kind attempt to assess the role of Demonetization in examining the antecedents of behavioral intention and adoption of mobile payment services by users in India under an extended UTAUT model. This study comprehensively examined the impact of forced adoption of mobile payment services by users in India in a natural setting provided by demonetization event that took place in India by conducting a primary survey right itself in the month of February, 2017 to get first hand response from the Indian users.
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Hariharan, S., J. Krishnakumar, and T. Stephen. "A cross-sectional study on the assessment of impact of demonetization of Rs.500 and Rs.1000 currency notes on the socio-economic and health status of the people residing in an urban area of Kanchipuram district." International Journal Of Community Medicine And Public Health 5, no. 5 (April 24, 2018): 1951. http://dx.doi.org/10.18203/2394-6040.ijcmph20181704.
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Background: The Government of India took the historic move of demonetising Rs.500 and Rs.1000 currency notes of Mahatma Gandhi Series from the midnight of 8th November 2016, following which these high value currency notes ceased to be a legal tender.It was a radical move by the Government which had an impact on the socio-economic and health status of the people. The study was conducted to assess the impact of demonetization move on the socio-economic and health status of the people residing in Anakaputhur area of Kanchipuram district.Methods: A cross-sectional, questionnaire based study was conducted on people residing at Anakaputhur area of Kanchipuram district. A sample size of 272 people was obtained using convenient sampling method. The study was conducted from 1.3.2017 to 1.4.2017. Data entry was done in Microsoft Excel and analysis was carried out in SPSS 22 software. Descriptive analysis was done.Results: Of the total study population of 272 people, 157 were females and 115 were males. Majority of the participants (58.1%) had used only cash for making their payments. Majority of participants (60%) responded that they were satisfied with the demonetization move. Majority of participants (67%) responded that the demonetization move would lead to overall economic development of our country.Conclusions: Even though the Government’s intention behind demonetization was good, the process by which the move was implemented could have been better. Government could have taken proper anticipatory measures to prevent cash crunch.
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Varshney, Anurag. "Adverse Effect of Demonetization in India." International Journal of Advance Research and Innovation 5, no. 2 (2017): 10–14. http://dx.doi.org/10.51976/ijari.521702.
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Demonetization in India is adverse effected Indian economy. It assumes that in long run it will be positive for economic growth, development and GDP. Black Money market will be finished and Indian currency value will be increased at International level. India faces a big revolution change in economy as aversive or supportive. Predictions and problem could be study but only Future can shoe the right result. Indian economy has to have stood very strongly at world level Economic Growth. The study is defining the adverse effect on economy during Demonetization Period.