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Demonetisation: Impact on Indian Economy

( Vol-3,Issue-12,December 2016 ) OPEN ACCESS
Author(s):

Amol Deepak Nerkar

Keywords:

Government of India, demonetize, discontinuity, circulation, new currency.

Abstract:

The demonetisation of high value currency denominations featuring Rs 500 and Rs 1,000 notes was a bold step by Indian government.Demonetization of currency means discontinuity of the said currency from circulation and replacing it with a new currency.It has deeply impacted Indian economy in various ways.But it has been widely acclaimed as positive decision taken for the benefit of the citizens.This paper traces the impact of this move on Indian economy.

ijaers doi crossref DOI:

10.22161/ijaers/3.12.50

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