Impact of Demonetization on the Indian Economy
Main Article Content
Abstract
Demonetization is the procedure for eliminating a monetary unit's legal tender status. In an
effort to combat black money, corruption, and counterfeit money, the Indian government
executed demonetization by banning the 500 and 1,000-rupee notes in November 2016. The
decision provoked mixed responses, with some applauding the government's audacity and
others criticizing it for seriously disrupting the economy. The impacts of demonetization on the
Indian economy, including their implications on GDP, inflation, employment, and other
economic indices, are thoroughly looked at in this paper. Demonetization impacted the Indian
economy in the near term, the research finds, but its long-term repercussions are yet unknown
but they can be assumed. (Veerakumar, 2017) This study uses data from 2015 to 2017 to
provide a longitudinal analysis of the effects of demonetization on the Indian economy.
Statistical techniques including regression analysis, t-tests, and time-series breakdown are used
in the analysis. This paper will also discuss reviews of different individuals on demonetization
as well as the people who were arrested during this time period.
Downloads
Metrics
Article Details
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
