Vol. 3, Issue 9, Part E (2017)

Abstract
The present paper is an effort to detect the contributory economic factors explaining the policy of demonetization in India in recent past. The study has tried to unfold a few issues in correspondence to the “grey” informal localization of industries and services. It seems that such an exploration is crucial to make a successful policy orientation. The incorporation of the changes in the nature of Formal-Informal linkages makes the scenario further intensified within the realm of diversified heterogeneity with increased volume of informal localized production within the economy. The present paper consciously avoids the issues like digitalization in this context in order to make the present study concise with the expectation to have separate studies with them. The micro-level field surveys, sampling design and data analysis of the study conducted is based upon the standard model approach to avoid spatial homogeneity.