Vol. 4, Issue 12, Part E (2018)

Abstract
Demonetization is the process of withdrawing a currency from circulation. Sometimes, a country completely replaces the old currency with new currency. It outlines the effects of demonetization on GDP growth and impact of demonetization on business. The frequent change in the narrative on objectives of the demonetisation to its visible impact on the poorest of the poor made other critiques calling government's narrative as spins in view of the "pointless suffering on India's poorest.