Volume : VI, Issue : II, February - 2017

DEMONETISATION – ITS IMPACT ON INDIAN ECONOMY

Babal Preet Kaur

Abstract :

 Demonetization is a tool of Government to eliminate the currency from general usage. It is used in very adverse situations. Demonetization is a process of removing a currency from circulation of money in a country. It is an act where the old unit of currency gets retired and replaced with a new currency unit. It can also be considered as the act of stripping a currency unit of its status as legal tender or withdrawal of a specific currency from market. The paper discusses about the move of demonetization taken by Central Government of India on 8th November, 2016 with respect to its reasons and effects on different sectors in Indian economy. The paper is based on secondary data collected from different sectors. This paper is regarding post effects of demonetization. This is a very welcome move by the government and which has taken the black money hoarders with surprise.

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Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

Babal preet Kaur, DEMONETISATION รขโ‚ฌโ€œ ITS IMPACT ON INDIAN ECONOMY, GLOBAL JOURNAL FOR RESEARCH ANALYSIS : Volume-6, Issue-2, February‾2017


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