Background/Objectives: Demonetization has had a great impact on the nation’s economy. One of the major parts of this was multiple economic concepts that were looked at prospective growth. There is a fundamental need to evaluate if the aimed objectives were met with.
Methods/Statistical Analysis: A major part of the study was carried out by the method of secondary research and data collection from secondary sources
Findings: Section 39(2) the point so highlighted that the supply so created when the currency notes were removed was not filled.
In agriculture the reason behind the existence of the growth rate in spite of the adverse effects of demonetization has been from 0.8%in FY16 to the current year, in Public Administration too there has been an observation of growth and this can mainly be attributed to the 6.9% to 11.22%."
"However every other sector has been adversely affected due to the move have been the sectors as below:
Mining: Decline in growth rate-12.3 % to 1.3 %
Financial and Real Estate Sector: 10.8 % to 6.5%
Manufacturing Sector: 10.6% to 7.7%
The Gross Domestic Capital Formation (GDCF) has had a steady decline from 29.2%to 26.9% and that is the lowest it has hit in 15 years.”
Improvements/Applications: In the case of demonetization there is a major need for the objectives being met with. To achieve these objectives one of the fundamental principles shall be as per the guidelines proposed by proposer of the scheme Anil Bokil.