IAHRW International Journal of Social Sciences Review

Susmita Chaturvedi ¹

Affiliations
1 Department of Commerce, Delhi School of Economics, University of Delhi, Delhi, IN

Abstract

As known to all of us that with the announcement of demonetization by our Prime Minister Mr. Narendra Modi the country had to experience its pros and cons. In his opinion it was to curb black money which was used for illegal activity and terrorism funding and to make India a cash less economy by pushing digital transaction. But with the unprepared banks people had to face serious crisis. This paper deals with what is demonetization, past experience of other countries and how it had effected Indian economy.

Keywords

Demonetization, Digital Transaction, Counterfeit Currency, Black Money.

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