• Dr. G. Jeyamani

The Prime Minister Shri Narendra Modi has implemented a major change in the economic environment by demonetizing the high value currency notes – of Rs 500 and Rs 1000 denomination. These notes accounted for 86% of the country’s cash supply. The proposal of the government consists of elimination of these existing notes from circulation and a gradual replacement with a new set of notes. Demonetization may be said as a ‘Surgical Strike’ on Black Money, Terrorism, Fake Currency, Unorganized trading, Real Estate, Share market etc. Indian industries can be categorized in three kinds such as Manufacturing sector, Service sector and Agriculture sector. After demonetization Agriculture sector alone shows some positive improvement but manufacturing and service sector were crashed down and these affected the whole Indian market. When a patient is given a treatment, it will make him worry at that time but later he will be able to lead a healthy and happy life. Initially the demonetization caused people and business organization to face some unavoidable problems but it has started to bring fruitfulness right now. This paper attempts to show major positive effects taken place through the demonetization in India on Economic and Non-Economic aspects.

Demonetization, Black Money, Fake Currency, Surgical Strike and Digital Currency

"Positive Effects of Demonetization on Economic and Non-Economic Environment", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 7, page no.244-247, July-2018, Available :http://www.jetir.org/papers/JETIR1807386.pdf

"Positive Effects of Demonetization on Economic and Non-Economic Environment", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 7, page no. pp244-247, July-2018, Available at : http://www.jetir.org/papers/JETIR1807386.pdf