• PARMAR JAYKUMAR G.

Demonetisation was effectively planned by the think-tank but suddenly declared in an unplanned way to catch black money in the Indian economy. The cash ban caused considerable damage to the wheels of the economy in the form of forced unemployment. The Indian informal sector, which provides 80% of total employment was much affected. The reverse migration of the workforce forced them to adapt to a meal per day. Nearly 2.6 lakh worker in leather industry, 20,000 workers in the diamond industry and 15% to 20% of daily wager in jewel sector have become jobless. The GDP estimate was reduced to 7.1% from 7.6% for the year 2016-17 by the government itself. The international monetary fund has also lowered the GDP forecast to 6.6% for 2016-17. New investment fell by nearly 45% to 50% in post cash ban. Rupee value also declines by 1.69% on 15.12.2016. The surgical strike on black money has derailed the investors' confidence in the stock market beginning. The cost of demonetization is estimated at Rs. 4.3 trillion including GDP losses. The government felt that the impact is transient, but the economist views it as firing cannonballs to kill mosquitoes. To conclude, Demonetisation is a long pending measures to curb black money. In addition, the government has to employ in time all other pertinent measures in an exigent mode to make the cash ban a grand success.

demonetisation

"AN ANALYSIS OF IMPACT OF DEMONETISATION ON EMPLOYMENT, INVESTMENT, GDP, RUPEE, REAL ESTATE, DIGITALISATION AND STOCK MARKET.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.547-554, June-2019, Available :http://www.jetir.org/papers/JETIR1906C89.pdf

"AN ANALYSIS OF IMPACT OF DEMONETISATION ON EMPLOYMENT, INVESTMENT, GDP, RUPEE, REAL ESTATE, DIGITALISATION AND STOCK MARKET.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp547-554, June-2019, Available at : http://www.jetir.org/papers/JETIR1906C89.pdf