The research paper spotlighted a study on the repercussion of demonetization in India. The term ‘demonetisation’ ruled after demonetizing the high value currency. Two issues, corruption and black money have ensconced the Indian Economy for long, and have been a major issue in relation to the public interest. An economic earthquake was witnessed by Indian economy by NDA II government announced on 8th November 2016 that Rs. 500/- and Rs. 1,000/- notes will not be a legal tender and the old notes can be deposited by 31st December 2016. The main intension of Modi Sarkar was to curb corruption, black money, fake notes and to address the wilful tax evaders to escape our tax net as only 3% of eligible tax payers file returns and pay tax and others avoid and escape. The act of demonization is expected to have a marked impact on various sectors. Therefore an attempt is made to analyse the impact of demonization on various prominent sectors of Indian Economy that are agriculture and ordinary man and consumer market sector etc. Also compare performance of the sectors for pre and post period of demonization. It also listed out the merits and demerits of demonetization.
Impact Factor
2022: 6.012
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