Demonetisation- Repercussions And Aftermath A Study

ASHIMA GOEL

Abstract


“THE ROAD TO HELL IS PAVED WITH GOOD INTENTIONS”, if one could start with giving the benefit of doubt to the star maker of demonetisation, could easily find solace in this old aphorism. On the other side, one who is not fond of fancy fairy tales and sticks to facts would rather try to see the empirical evidence. This “garden path “of the present government which seemed as the first shot fired from the government’s armoury against the triple evils of Black money, Counterfeit currency and terrorism, has deeply scarred the nation and its economy, which is still stumbling and may never fully recover from the trauma.  The main objective of this study is to closely look upon the after-effects and the damage done to the economy through a glance at the banking sector, agriculture, handloom, small traders, businessmen and analyse the extent the government has been successful in fulfilling its promises and objectives of demonetising 86.4 percent of the entire value of the currency in circulation. With the data available across the crucial sectors, the paper tries to give a fair view of the aftermaths of demonetisation on the Indian Economy.


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