Demonetization and After-shocks In Indian Economy-A Survey
Journal Title: IJAR-Indian Journal of Applied Research - Year 2017, Vol 7, Issue 5
Abstract
Demonetization of economy is a splendid idea to revive the economy which is driven by jobless growth. From 1971 to 2000 six countries goes to demonetized their economy,viz- North Korea, Myanmar, Soviet Union, Nigeria,Zimbabwe and Ghana. The result of demonetization in case of these countries was not a pleasant one. Lack of demand in the market severely impact in the volume of business and investment. But the recent experience of demonetization in Indian economy tells a very different story. After remonitization of Indian economy a more transparent and strong scenario is appearing in respect of investment and growth. This paper emphasizes in various facets of demonetization and aftershocks in Indian economy, like-Investment shocks, remonitization, accounting profit, tax reform, cashless economy.
Authors and Affiliations
Goutam Bhattacharya
Keywords
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