Volume : 8, Issue : 6, June - 2019

DEMONETIZATION IN INDIA: PRE AND POST EFFECT ON INDIAN AUTOMOBILE INDUSTRY

Dr. Navjyot Raval

Abstract :

The present government took an enormous step to terminate Rs. 500 and Rs. 1000 notes with prompt effect on 8th November 2016. Proceed was aimed to control the fake currency circulation, black money and terror financing movements in the country. India has the highest level of currency in circulation at nearly 13% of GDP. The act of demonetization is expected to have a marked impact on various sectors. The sectors which are based on cash transactions will witness more disturbances. Therefore an attempt has been made to analyses the impact of demonetization on automobile sector of Indian economy.