International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Open Access | Fully Refereed | Peer Reviewed

ISSN: 2319-7064


Downloads: 1

Research Paper | Finance | India | Volume 10 Issue 5, May 2021


Impact of Demonetization in India

Jayabrata Ghosh


Abstract: Money is the most important part of every economy. Without money circulation in an economy world could not be developed in such a space. Over a period of time money helps to create a strong economy. Money is guaranteed by the Government of a country. In other words, monetization may be described as a process of giving guarantee to a particular form of the unit of money by the Government of a country. Unless and until a form of unit of money is recognized by a Government as money the same has no value whether it is in the form of paper or metal except the mere material value. On the other hand, demonetization is a process by which the Government of a country withdraws the backing or guarantee of one or more of its currency in circulation. This paper describes the history of demonetization in India. The latest demonetization in this country was announced on 8th November, 2016. In this paper an attempt has been made to discuss the reasons and the consequences of demonetization on some important economic factors.


Keywords: Demonetization, Economic effect, Tax, Employment, Black Money, Equity Market


Edition: Volume 10 Issue 5, May 2021,


Pages: 249 - 252


How to Cite this Article?

Jayabrata Ghosh, "Impact of Demonetization in India", International Journal of Science and Research (IJSR), https://www.ijsr.net/get_abstract.php?paper_id=SR21506090807, Volume 10 Issue 5, May 2021, 249 - 252

How to Share this Article?

Enter Your Email Address


Similar Articles with Keyword 'Tax'

Downloads: 1

Case Studies, Finance, Kenya, Volume 10 Issue 7, July 2021

Pages: 1055 - 1059

Determinants of Optimal Revenue Collection in County Governments in Kenya

Euphemiah Bochere Isabokey

Share this Article

Downloads: 1 | Weekly Hits: ⮙1 | Monthly Hits: ⮙1

Research Paper, Finance, India, Volume 10 Issue 10, October 2021

Pages: 147 - 150

An Insight into Demonetization in India of 2016

Anindita Neogi

Share this Article

Similar Articles with Keyword 'Employment'

Downloads: 1 | Weekly Hits: ⮙1 | Monthly Hits: ⮙1

Research Paper, Finance, India, Volume 10 Issue 10, October 2021

Pages: 147 - 150

An Insight into Demonetization in India of 2016

Anindita Neogi

Share this Article

Downloads: 104

Research Paper, Finance, China, Volume 7 Issue 9, September 2018

Pages: 482 - 485

Research on the Impact of New Urbanization and Financial Support System Leading by Internet Entrepreneurship

Sumin Zhang

Share this Article

Similar Articles with Keyword 'Equity Market'

Downloads: 2

Research Paper, Finance, Nigeria, Volume 10 Issue 7, July 2021

Pages: 1302 - 1313

The Relationship between Stock, Bond Markets and Economic Growth in Nigeria

Ogbebor Peter I., Ajibade Ayodeji T., Onoja Donatus

Share this Article

Downloads: 92

Research Paper, Finance, India, Volume 8 Issue 2, February 2019

Pages: 2242 - 2244

Calculation of Beta Value of Stocks of Listed Company from National Stock Exchanges Website to Find Out Better Investment Opportunity

Dr. Avinash Hanmant Ghadage

Share this Article
Top