Impact of Demonetization in the Current Scenario of Indian Economy
Keywords:
Demonetization, Macro Economy, Agriculture, Digital, Financial Sector, Currency, GoldAbstract
The valorous step taken by Prime Minister Mr. Narendra Modi on eighth of November 2016 by announcing withdrawal of 500 and 1000 Rs Note from circulation and making it illegal tender in India. This economic Earthquake was eradicating Black Money, terror Funding, Corruption and combating tax evasion. This study elucidates the impact of Demonetization on Macro Economic Factors like GDP, CPI, WPI, IIP, Gold and Indian Currency. This paper also aimed at reviewing the impact of announcement on Agriculture sector. Due to this audacious attempt the Cash less economy or in other words Digital economy also came on front foot. This article also provide the insight on impact on digital transaction.
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