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Research Paper | Management | India | Volume 6 Issue 10, October 2017

Impact of Demonetization on Indian Economy: A Review

Vaishnavi Pandey

Abstract: Demonetization had been done with the positive approach to eradicate the black money from the economy but it does not go the way fully like it has been planned. Various steps need to be taken to eradicate stock of black money only one step is not enough for this purpose. But if we look on the other hand, demonetization is also the need of hour. Also there are also various steps regarding all these which government need to take in these regards. There are various effects of demonetization on Indian economy and its various sectors. There are many sectors whose trend went upward movement and there are various whose trend shows downward movement. Moreover these effects continue to go on in various directions with the time and the trend in economic activities

Keywords: Economy, Demonetization, Black Money

Edition: Volume 6 Issue 10, October 2017,

Pages: 94 - 96