A comprehensive study of Demonetization Challenges & its impacts on Indian Economy
Demonetization is the act of stripping a currency unit of its status as legal tender. It occurs whenever there is a change of national currency: The current form or forms of money is pulled from circulation and retired, often to be replaced with new notes or coins. Sometimes, a country completely replaces the old currency with new currency. Some economists say demonetization will adversely impact India’s economic growth even as others believe the disruption is unlikely to be significant. The big challenge is that demonetization can curb small business; there may be low transaction by middle class and lower class people and off course more roles for commission agents to exchange old and new currencies etc.The objective of this study is that which kind of challenges occur due to demonetization and how it affects to Indian economy.
Keywords- Currency Stripping, NOBW, Curb Economy.
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