Statistical Review on the Demonetization in India
Main Article Content
Abstract
The demonetization is that the method of withdrawal of a specific style of currency from circulation. Demonetization becomes necessary whenever there's an amendment within the national currency. The recent unit of currency should be retrieved and replaced with a replacement currency unit. It involves either introducing new notes or coins of a similar denomination or fully substitution the recent denominations with the new denomination that is typically applied as ambush on the black market. In India demonetization has occurred thrice. The primary was on 12/1/1946 (Saturday), second on 16/1/1978 (Monday) and therefore the third was on 8/11/2016 (Tuesday). In the present paper, there is a survey on the effects of demonetization on the various economic factors, views of national and international economists including media and the previous demonetization in other parts of the world with their side effects. Thus, the findings of this study reveal that, India can deliver the goods a major growth by adapting the demonetization strategy and it'll produce an enormous positive impact on the whole economy in an exceedingly long-standing time.
Downloads
Download data is not yet available.
Article Details
Section
Articles
COPYRIGHT
Submission of a manuscript implies: that the work described has not been published before, that it is not under consideration for publication elsewhere; that if and when the manuscript is accepted for publication, the authors agree to automatic transfer of the copyright to the publisher.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work
- The journal allows the author(s) to retain publishing rights without restrictions.
- The journal allows the author(s) to hold the copyright without restrictions.