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Research Paper | Accounting | India | Volume 8 Issue 4, April 2019

The Study of Impact of Demonetization and GST on Indian Economy

Chirag Rana ^[5]

Abstract: This research paper aims to help in carrying out the survey of effect of Demonetization and GST on Indian economy. And how it create effect on Black Money, Corruption, terrorism and tax evasion etc. It also reflect the new GST slab and reflect how many time demonetization face by the Indian economy as well as implementation of Demonetization and GST in India. Data collected for the research is totally based on the secondary data. And from other articles and RBI reports. All the data collected for analysis is for the period of 5 years i. e. from 2013-14 to 2017-18. Research methodology include statistical tool and methods such as chart, tabular and percentage. Finally paper conclude that the Government has tried something different to make the country better place to live in. The decisions may cause a lot of pain but in the future periods it will benefit a lot, Effect of Demonetization and GST create adverse effect on the Indian economy from the date of implementation of both. Before implementation GDP and Inflation rate are normal as compared to post implementation, it protect and guide Indian people in term of e-banking and on-inline filling. Lastly if once again demonetization of 2000 RS note as well GST on petroleum product apply then it create good effect on Indian economy.

Keywords: Demonetization, GST, Impacts on Indian economy, Cashless Economy, Black Money, Corruption, Tax slab

Edition: Volume 8 Issue 4, April 2019,

Pages: 1839 - 1842

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