Impact of Demonetization on India’s Service Sector with Special Reference to Online Tourism Services
Journal Title: Journal Global Values A Peer Reviewed International Journal - Year 2017, Vol 0, Issue 1
Abstract
Prime Minister, Narendra Modi on November 8, 2016 shocked the nation by announcing high denomination notes (INR 500 and INR 1000) as ceasing to be legal tenders. This move was directed to unearth black money hidden by tax evaders, traffickers and other illegal entities. New INR 500 and INR 2000 notes were introduced. Although this move caused much pain to the common man and various sectors were affected by the failure to replace the old currency in adequate measure. As seemed obvious, the real estate and the retail business were affected and the fallout of demonetization seems to have spilled over the tourism business as well.
Authors and Affiliations
Priyanka Dalmia
Keywords
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