Published Paper Details:

This article examines the impact of demonetisation on the Indian dairy industry. Demonetisation, which refers to the sudden withdrawal of certain banknotes from circulation by the Indian government in November 2016, had a significant impact on the Indian economy, including the dairy sector. The dairy industry, which is a major contributor to India's agricultural economy, was particularly affected by demonetisation due to the cash-intensive nature of the sector. The article analyses the impact of demonetisation on the Indian dairy industry by assessing changes in milk production, procurement, and distribution. The article finds that demonetisation had a short-term negative impact on the dairy industry, resulting in a decline in milk procurement, production and sales in the months following the policy implementation. However, the industry was able to recover relatively quickly, thanks to the adoption of digital payment methods and increased government support. The article also discusses the long-term implications of demonetisation on the Indian dairy industry, including increased formalisation of the sector, greater transparency, and a shift towards digital payments. While demonetisation had some negative short-term effects on the dairy industry, the policy may have contributed to long-term improvements in the sector's efficiency and sustainability. Overall, the article provides valuable insights into the impact of demonetisation on the Indian dairy industry, highlighting both the short-term challenges and long-term opportunities resulting from this policy.