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Title: :  Impact of Demonetization on Indian Economy
PaperId: :  6908
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 3 Issue 4 2017
DUI:    16.0415/IJARIIE-6908
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Gunjan AroraAssistant Professor, Panipat
Dr. Rakesh GargS.D.(PG) COLLEGE PANIPAT HARYANA

Abstract

COMMERCE
Demonetization, Impact, Jan Dhan Accounts, Corruption, Black Money, Liquidity
Demonetization refers to the withdrawal of a particular form of currency of the nation from circulation. Demonetization is necessary whenever there is a change of national currency. The old unit of currency must be removed and substituted with a new currency unit. The study attempts to analyze the impact of demonetization on the Indian economy. The study is based on secondary data. The required data has been extracted from the various sources like research papers, published sources like reports, magazines, journals, newspapers and the authenticated websites. The study found that, by demonetization, black money will be taken out of Indian system; corruption will also be automatically reduced. The Indian government’s stated objective behind the 2016 demonetization policy are as follows; first, to make India corruption free, second, to curb black money, third, to control inflation, fourth, to stop terror financing, fifth, to make the people pay income tax and finally, to make a cashless society and create Digital India. The demonetization policy is seen as a financial reform in the country but this decision is fraught with its own merits and demerits. This paper has made an attempt in analyzing the impact of demonetization on various sectors and the economy as a whole. Keywords: Demonetization, Impact, Jan Dhan Accounts, Corruption, Black Money, Liquidity.

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IJARIIE Gunjan Arora, and Dr. Rakesh Garg. "Impact of Demonetization on Indian Economy" International Journal Of Advance Research And Innovative Ideas In Education Volume 3 Issue 4 2017 Page 3412-3419
MLA Gunjan Arora, and Dr. Rakesh Garg. "Impact of Demonetization on Indian Economy." International Journal Of Advance Research And Innovative Ideas In Education 3.4(2017) : 3412-3419.
APA Gunjan Arora, & Dr. Rakesh Garg. (2017). Impact of Demonetization on Indian Economy. International Journal Of Advance Research And Innovative Ideas In Education, 3(4), 3412-3419.
Chicago Gunjan Arora, and Dr. Rakesh Garg. "Impact of Demonetization on Indian Economy." International Journal Of Advance Research And Innovative Ideas In Education 3, no. 4 (2017) : 3412-3419.
Oxford Gunjan Arora, and Dr. Rakesh Garg. 'Impact of Demonetization on Indian Economy', International Journal Of Advance Research And Innovative Ideas In Education, vol. 3, no. 4, 2017, p. 3412-3419. Available from IJARIIE, http://ijariie.com/AdminUploadPdf/Impact_of_Demonetization_on_Indian_Economy_ijariie6908.pdf (Accessed : 26 July 2023).
Harvard Gunjan Arora, and Dr. Rakesh Garg. (2017) 'Impact of Demonetization on Indian Economy', International Journal Of Advance Research And Innovative Ideas In Education, 3(4), pp. 3412-3419IJARIIE [Online]. Available at: http://ijariie.com/AdminUploadPdf/Impact_of_Demonetization_on_Indian_Economy_ijariie6908.pdf (Accessed : 26 July 2023)
IEEE Gunjan Arora, and Dr. Rakesh Garg, "Impact of Demonetization on Indian Economy," International Journal Of Advance Research And Innovative Ideas In Education, vol. 3, no. 4, pp. 3412-3419, Jul-Aug 2017. [Online]. Available: http://ijariie.com/AdminUploadPdf/Impact_of_Demonetization_on_Indian_Economy_ijariie6908.pdf [Accessed : 26 July 2023].
Turabian Gunjan Arora, and Dr. Rakesh Garg. "Impact of Demonetization on Indian Economy." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 3 number 4 (26 July 2023).
Vancouver Gunjan Arora, and Dr. Rakesh Garg. Impact of Demonetization on Indian Economy. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2017 [Cited : 26 July 2023]; 3(4) : 3412-3419. Available from: http://ijariie.com/AdminUploadPdf/Impact_of_Demonetization_on_Indian_Economy_ijariie6908.pdf
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