Volume : 6, Issue : 6, June - 2017

DEMONETIZATION: IMPACT ON INDIAN ECONOMY

Bharat Khurana

Abstract :

<p>&nbsp;<span style="font-family: &quot;Times New Roman&quot;, serif;">Recently India has witnessed demonetization on 8</span><sup style="font-family: &quot;Times New Roman&quot;, serif;">th</sup><span style="font-family: &quot;Times New Roman&quot;, serif;"> November, 2016 when Prime Minister Narendra Modi withdrew the circulation of Rs. 500 and and Rs. 1000 notes from economy by declaring them illegal. In this research paper efforts have been made to study the reasons and after effects of demonetization on Indian economy. History of demonetization in India as well as in other countries of the world has also been studied.</span></p> <p class="MsoNormal" style="line-height:normal"><span lang="EN-IN" style="font-family:&quot;Times New Roman&quot;,serif"><o:p></o:p></span></p>