UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 4 Issue 6
June-2017
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR1706129


Registration ID:
510045

Page Number

717-723

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Title

Impact of Demonetization on Indian Economy

Abstract

The present Demonetization is a generation’s memorable experience and is going to be one of the economic event of our time. It’s impact is felt by every Indian citizen .Demonetization affects the economy through the liquidity side. It’s effect is widespread because nearly 86% of currency value in circulation was withdrawn without replacing bulk of it. As a result of the withdrawal of Rs 500 and Rs 1000 notes there occurred huge gap in the currency composition as Rs 100 and Rs 2000 is the only denomination. Absence of intermediate denominations like Rs 500 and Rs 1000 will reduce the utility of Rs 2000. Effectively, this will make Rs 2000 less useful as a transaction currency though it can be a store value denomination. Since our economy is an under banked economy, present demonetization have caused a severe social experiment, across the segment of our population. At the first place and on a short term basis the move would benefit the Government which shall effectively deploy its resources to percolate the impact to the poor and needy of our country. The paper will analyse the impact of present demonetization on various sectors of the economy.

Key Words

Demonetisation, Economy, cashless transactions, Currency

Cite This Article

"Impact of Demonetization on Indian Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.4, Issue 6, page no.717-723, June-2017, Available :http://www.jetir.org/papers/JETIR1706129.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Impact of Demonetization on Indian Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.4, Issue 6, page no. pp717-723, June-2017, Available at : http://www.jetir.org/papers/JETIR1706129.pdf

Publication Details

Published Paper ID: JETIR1706129
Registration ID: 510045
Published In: Volume 4 | Issue 6 | Year June-2017
DOI (Digital Object Identifier):
Page No: 717-723
Country: -, -, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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