DEMONETIZATION AND ITS AFFECT IN INDIA

Abstract

On November 8, 2016, the Indian government made a difficult decision on the limit of
currency notes. Whether it would genuinely remove all of the present dark money was an open
question, but it was a logical, well-considered, and well-implemented step to take. Here, I've taken a
look at the influence of demonetization on real estate, the economy, the money supply, banks, internet
transactions, and so on, using relevant case law as an example. Demonetization has also had a good
influence on our country's economy, according to a short 1study. The negative effects of
demonetization, as well as ways to mitigate the shock of demonetization on citizens and the country's
parallel economy, have also been debated. Note boycott, a policy adopted by the Indian government,
has both beneficial and bad consequences.