Demonetisation and Its Impact in India Tazeen Farah*, Mullick N.H.** Centre for Management Studies, Jamia Millia Islamia, New Delhi, India *Corresponding author email id: farahtazeen28jan@gmail.com
**mullick@jmi.ac.in
Online published on 24 February, 2020. Abstract On 8 November 2016, Prime Minister Sri Narendra Modi through Television address to the nation, announces the “Surgical Strike on Black Money”, that is, demonetisation which made Rupee 500 and 1000 currency notes invalid or unacceptable after midnight. It was a solitary decision which affected each and every single individual of India-Businessman, housewife, children, bureaucrats, politicians, and so on. It was done 2 years back with a very good purpose to reduce corruption and black money, to bring transparency and formalisation in the economy. It shook the economy and everybody debated on its impact on Indian economy, business and different sectors of the economy. Now, the economy is trying to be stabilised and has come out of sudden jerk or shock. This paper is an effort to find out the impact of demonetisation on Indian economy. The Research Methodology is deductive in nature that is based on the secondary data collected from various journals, research papers, articles, online, social media, television, newspaper, magazines and so on. Top Keywords Demonetisation, Black Money, Effects, Indian Economy. Top |