As the Prime Minister Narender Modi focused on the menance of blackmoney and would have a deep and longlasting impact of monetary policy of India. He announced to rupees 500 and rupees 1000 note would not remain legal tender. It is called demonetization. This is not the first time it has been done before it twice in India. First in 1946 when 50, 1000, 10000 notes were declared illegal tender. Second time in 1978 under Janata Dal (Under Morarji Desai’s Leadership). However both the times demonetization was not success . This study will anlight the aspects of demonetization will it grow the economy or decline. This is purely a review paper based on secondary data.Will demonetization completely stop or banned the corruption, terrorism, black money and will grow the economy of India?
Cite this article:
Ankur Kukreti, Sakshi Chauhan. Demonitization will Galvanize or Decline the Economy of India. Asian Journal of Management. 2018; 9(1):619-622. doi: 10.5958/2321-5763.2018.00097.5