Abstract

Objectives: To understand the concept of Demonetization, Short term, Long term impact and future implementation strategy

Methods/Statistical analysis: This short communication is the outcome of observation of this author about the Demonetization in the Indian Economy with special emphasis with regards to its impact on the life of common people. The author referred articles and News Paper reports about demonetization, the opinion of eminent academicians in the field of economics and financial accounting and common people were also obtained to prepare this short communication.

Findings:
1) The common people in the ground level are suffering and they like to digest this suffering with the hope that this drive would eliminate the corruption at all levels.
2) The issues of excessive money deposited in the Banks due to sucking of outlawed currency and the ways to use it effectively were deliberated in this short note.
3) It also identified that the cashless transactions would become as the norm of payments in future.
4) The demonetization would eradicate corruption in the longer run.

These findings are helpful for the stakeholders of Indian Monetary Policy makers and Government as it reflect the prevailing outcome of demonetization. The archives of various publication shows that the demonetization is the reason for undue hardship faced by the people and the same finding was observed in this analysis but this short note found that the people understood that their sufferings are temporary in nature and believe that their suffering would be over in the immediate future.
Since this is new to both the Government of India and its people, both are confused thus resulted slight unrest among them.

Application/Improvements:1) The outcome of this short note can be used by GoI, Reserve Bank of India for further refinement of demonetization.

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Abstract

Objective: This view point deals with new economic proposals like Enhancement of employment of local people, Prevention of outsourcing and Prevention of migration by the President of United States of America-Mr.Donald Trump, named as Trumplization and its impact on the Global economy. Apart from that, this contribution deliberates the impact of Trumplization in the economies of India and China and also underlines the concept of Trumplization and its Impact on the Global Economy.

Methods: This view point is the outcome of observation of this author about the announcement made by the Mr. Donald Trump on Migration, Outsourcing of Business, other trade policies and its impact on world economy. The author named the policies of Trump as Trumplization. The author referred articles and News Paper reports with regards to various announcements made by the Trump at various occasions and the opinion of eminent academicians in the field of economics were also obtained to prepare his View Point.

Findings:
1) The policies of Trump will create uncertainties in the world economy.
2) The china will be worst affected country as its exports may be curtailed to the significant level because of the Trumplization.
3) India will also get affected by the Trumplization as it mention about the prevention of outsourcing of business.
4) The US also will get affected by the Trumplization as it will increase the cost of production thus leads to enhancement of inflation and the outsourcing and migration policies will have on impact on migration of skilled people from other countries which may create labour shortage in the US.
This view point suggest that the effective implementation of Trumplization will create economic imbalance among the world countries in short term and in longer term, perhaps leads to economic slowdown or Economic Meltdown.

Application: 1) The outcome of this view point can be used as reference for the policy makers of Trump’s Administration.

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