Volume No. :   8

Issue No. :  2

Year :  2017

ISSN Print :  0976-495X

ISSN Online :  2321-5763


Registration

Allready Registrered
Click to Login

Impact of Demonetisation on Indian Economy: Short-Term Costs and Long-Term Benefits



Address:   Heena Goel
Ph. D Scholar, Department of Economics, Lovely Professional University, Phagwara, Punjab India -144411
*Corresponding Author
DOI No: 10.5958/2321-5763.2017.00057.9

ABSTRACT:
On November 8, 2016, government of India had demonetized the two high denomination currency notes of Rs. 500 and Rs. 1000 to curb the black money, corruption and terrorism in the economy. As in India people are more comfortable with cash transactions. But, sometimes such transactions are misused by the society and people with accounted money also start using high amount of transaction in form of cash that again generates black money, corruption counterfeit currency and terror financing. Thus, government’s move towards demonetisation of currency will definitely address the above mentioned issues and also help the economy become more digitize. In this regard, the present study shows the impact of demonetisation on Indian economy in view of short term costs and long term benefits.
KEYWORDS:
Black money, Cashless economy, Costs and Benefits, Demonetisation, High denomination.
Cite:
Heena Goel. Impact of Demonetisation on Indian Economy: Short-Term Costs and Long-Term Benefits. Asian J. Management; 2017; 8(2):370-372.
[View HTML]      [View PDF]



Visitor's No. :   181760