Consequences of Demonetization on Households: A Case Study on East Delhi
Keywords:
Demonetization, Effects, Impact, Black Money, HouseholdsAbstract
Demonetization of a Currency is a monetary step in which a particular unit of currency is declared invalid. Demonetization becomes necessary when demerits of old currency exceed its merits. That is why old currency is replaced by new one. It affects economy in both way positively as well as negatively. Declaration of Demonization of 500 and 1000 Rupee note on 8 Nov 2016 by Prime minister of India had shaken the Indian economy. The present study is an attempt to know about the impact of Demonization on Households. The present study also elucidates the impact of such a move on black money and highlights the immediate effects on the economy.
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