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

In addition, a few immediate negative implications of demonetization are also seen in terms of minimum growth in GDP, losing job by wage earners in some industries and real estate sector which have affected the Indian economy to some extent. But, adopting good governance practices, providing sound infrastructure, congenial atmosphere to start business and ensuring trained workforce would have got positive long term impact on Indian economy. Further, total transparency in business operations through banking services would also increase tax revenue to the GDP ratio. Therefore, this paper will take up the issues relating to demonetization and its linkage to the implications of various sectors in Indian economy during pre and post demonetization periods discusses the experience and impact of demonetization on Indian economy.