Contact: +91-9711224068
International Journal of Applied Research
  • Multidisciplinary Journal
  • Printed Journal
  • Indexed Journal
  • Refereed Journal
  • Peer Reviewed Journal

ISSN Print: 2394-7500, ISSN Online: 2394-5869, CODEN: IJARPF

International Journal of Applied Research

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

An overview and impact of demonetization on Indian economy

Author(s)
Ashok kumar P Rathod
Abstract
Demonetization is a process of replacing the flow of old currency in an economy with a new currency. The aim of demonetization includes controlling inflation, to combat to corruption and to discourage the cash system in an economy. Demonetization enhances the use of digital payment gateway and encourages transparency in economy. India is one of the largest retail markets all over the world which have high cash basis transaction. Demonetization leads the economy from cash basis to paperless basis. This paper attempts to clarify the prime objectives of demonetization and the effect of it on various sectors of Indian Economy. This paper also attempts to analyse the effect of Demonetization on the growth of GDP.
Pages: 431-434  |  217 Views  4 Downloads
How to cite this article:
Ashok kumar P Rathod. An overview and impact of demonetization on Indian economy. Int J Appl Res 2018;4(12):431-434.
Call for book chapter
International Journal of Applied Research