• Dr. Vikramjit Singh

The strength of currency as well as the related economical factors is the key points in the elevation of multi-dimensional growth of the country. From last one year, the implementation of Demonetization in India is in huge debate in positive as well as negative ways. The government agencies call this step as a main strategy to eradicate the corruption and fake currency. The concept of Demonetization was originally proposed and implemented by Chanakya during of rule Chandragupta when huge fake currencies were spread by the people in 350-275 BCE. Chanakya then implemented Demonetization and in the same way the current government is justifying its step. This manuscript underlines the assorted perspectives of demonetization with its impact on the economy of India with the data based evaluations. The paper investigates the dimensions of demonetization with the positive as well as negative impacts with the related perspectives towards social and financial aspects. The move towards demonetization was a very strict decision of government but there were assorted positive features which are presented in the manuscripts with the real impacts.

Chanakya and Demonetization, Currency Bank, Demonetization, Economy of India, Noteban

"Political and Financial Impact of Demonetization in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 9, page no.852-858, September-2018, Available :http://www.jetir.org/papers/JETIR1809264.pdf

"Political and Financial Impact of Demonetization in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 9, page no. pp852-858, September-2018, Available at : http://www.jetir.org/papers/JETIR1809264.pdf