Journal of Harmonized Research in Management

LITERATURE ANALYSIS OF DEMONETIZATION: BLESSING OR BANE TO THE INDIAN ECONOMY

Abstract

Author(s): Dr. Jayshree Gupta1 and Dr. Vishalkrishan Sood2

 One declaration by the legislatures of India on 8th, October, 2016 was to pull back 500 and 1,000 rupee notes from flow and making it an illicit delicate to revoke the estimation of 86% cash with th e essential point of pursuing black money, checking defilement, ceasing the subsidizing of psychological warfare and to handle the issue of fake money has influenced the Indian economy all things considered. The demonetization had an incredible, critical and prompt effect on the condition of the Indian economy. This paper endeavors to gage the effect of demonetization on general economy when about a large portion of the economy runs totally on the premise of money exchanges. This paper gives a reasonable picture of changing situation from swapping of cash to swiping of cards, changing over to click from physical bank and furthermore endeavors to break down whether demonetization was fruitful in accomplishing its goals. This paper tosses light on difficulties and openings post demonetization in India. This paper gives a basic investigation of part of monetary framework in the achievement of demonetization in India. This examination is simply in light of secondary information, which is gathered from newspapers, magazines, sites from web, some helpful books were identified with theme and so on.