Published Paper Details:

The argument postulate in favour of demoneitization is that the cash that would be extinguished would be black money and hence, should be impartially extinguished to set right the perverse incentive structure in the economy. While the facts are not available to anybody, it would be reckless to argue that this is the only possibility. Therefore, it is imperative to evaluate the short run and medium-term impacts that such a shock is expected to have on the economy. Further, the impact of such a move would vary depending on the extent to which the government decides to remonetise. This paper explains the impact of such a move of demonetization taken by Central Government of India on 8th November, 2016 with respect to its reasons and effects on different sectors in India such as on the availability of credit, spending, level of activity and government finances . The area covered in this sectors are Micro Businesses, E-Wallet businesses, online retail stores and so on. This research is based on secondary data collected from different newspapers and online sources, mentioned in references. The findings of this study reveal that, India will achieve a significant growth by adapting the demonetization strategy and it will create a huge positive impact on the entire economy in a long run.