• Amal.B
• Rashid. H
• Arun.K
• Rahul.R.R

This paper focuses the Demonetization is to bring more people onto the dominant economic grid, where can be easily looked upon and taxed and also generation of more revenue. Through the demonetization there has been kick start of cashless economy, where many people have started using internet channels for payment of money. This step has given a major foundation base to various e-payment portals and the drive towards the digitization on the nation. Large amount of people and business are brought into the bosom of the formal economy via demonetization program which has led to bosom in liquidity and an apparent in its recorded economic growth. Transaction through banking channels have led to moving informal business into formal business as the transaction are now being recorded in banks as payments are made via them. Curbing the black money which has been one of the main agenda of demonetization will get the major push as the black money hoarded in the form of banned currency will no longer be of use, leading to publication of such amount or throwing away of these notes.

Economic growth, More revenue, Foundation, Healthy movement

"Demonetization: Is a Good Move for Our Economy?", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 3, page no.224-228, March-2019, Available :http://www.jetir.org/papers/JETIRAT06030.pdf

"Demonetization: Is a Good Move for Our Economy?", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 3, page no. pp224-228, March-2019, Available at : http://www.jetir.org/papers/JETIRAT06030.pdf