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.