International Journal of Research and Analytical Reviews, 2019
‘Demonetisation was a good idea but had bad results’- this was the reaction of the Indian public ... more ‘Demonetisation was a good idea but had bad results’- this was the reaction of the Indian public with regards to demonetisation that was implemented in India in November 2016. The NDA Government implemented demonetisation with the objective to attack the evils like black money, corruption and extremism. The public of India welcomed demonetisation with open hearts though many hardships fell on the citizens which made it difficult to even cope with the daily activities. The GDP of the Nation fell instantly affecting the economy as a whole. The cash intensive nature of the Indian economy was hit badly experiencing a forty five year high unemployment rate, bringing the nation to a stand-still. The position of black money was hit initially but the fake notes of the new 2000 rupee currency again brought back the situation to square one. The paper highlights the impact of demonetisation on the Indian economy along with the impact on black money and unemployment. The primary data was collected to better understand and know the real picture with regards to status of black money and unemployment. The analysis of the impact of demonetisation becomes clear as a time frame of year and a half have passed from the time of its implementation, to learn from the same and formulate more effective policies to solve the problem of black money, corruption and extremism for a long duration.
International Journal of Research and Analytical Reviews, 2019
‘Demonetisation was a good idea but had bad results’- this was the reaction of the Indian public ... more ‘Demonetisation was a good idea but had bad results’- this was the reaction of the Indian public with regards to demonetisation that was implemented in India in November 2016. The NDA Government implemented demonetisation with the objective to attack the evils like black money, corruption and extremism. The public of India welcomed demonetisation with open hearts though many hardships fell on the citizens which made it difficult to even cope with the daily activities. The GDP of the Nation fell instantly affecting the economy as a whole. The cash intensive nature of the Indian economy was hit badly experiencing a forty five year high unemployment rate, bringing the nation to a stand-still. The position of black money was hit initially but the fake notes of the new 2000 rupee currency again brought back the situation to square one. The paper highlights the impact of demonetisation on the Indian economy along with the impact on black money and unemployment. The primary data was collected to better understand and know the real picture with regards to status of black money and unemployment. The analysis of the impact of demonetisation becomes clear as a time frame of year and a half have passed from the time of its implementation, to learn from the same and formulate more effective policies to solve the problem of black money, corruption and extremism for a long duration.
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Papers by Jyotika Kaur