UGC Approved Journal no 63975

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

Volume 5 Issue 7
July-2018
eISSN: 2349-5162

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

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Published Paper ID:
JETIR1807862


Registration ID:
185092

Page Number

904-907

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Title

Technological Impact of Demonetization on Indian Economy

Abstract

Demonetization refers to withdrawal of a particular form of currency from circulation. Demonetization is necessary whenever there is a change of national currency. The old unit of currency must be removed and substituted with a new currency unit. The currency was demonetized first time in 1946 and second time in 1978. On Nov. 2016 the currency is demonetized third time by the present Modi government. This is the bold step taken by the govt. for the betterment of the economy and country. In this paper I want to discuss the impact of recent demonetization on the Indian system and also how it has had an effect on the Information Technology Industry thereby enhancing the revenues helping in counterfeiting the black money leading to the economic growth. In addition to this, the working of different Internet money transfer applications have been discussed which has given a cashless base to the Indian Economy

Key Words

Demonetization, Black Money, Counterfeit Currency, Corruption, Paytm, Oxigen Wallet, PayU Money.

Cite This Article

"Technological Impact of Demonetization on Indian Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 7, page no.904-907, July-2018, Available :http://www.jetir.org/papers/JETIR1807862.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

"Technological 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.5, Issue 7, page no. pp904-907, July-2018, Available at : http://www.jetir.org/papers/JETIR1807862.pdf

Publication Details

Published Paper ID: JETIR1807862
Registration ID: 185092
Published In: Volume 5 | Issue 7 | Year July-2018
DOI (Digital Object Identifier):
Page No: 904-907
Country: panchkula, Haryana, India .
Area: Commerce
ISSN Number: 2349-5162


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