Rungta International Journal of Computer Science and Information Technology

2017 | Volume 2 | Issue Issue 1

Demonetisation: Impact on Indian Economy and Indian Society

1. O. P. Soni – Coer School Of Management, Roorkee, Uttarakhand, India

2. Himadri Phukan – Coer School Of Management, Roorkee, Uttarakhand, India

Received
24-May-2017 		Accepted
- 		Published
24-May-2017
Abstract
Demonetisation refers to withdrawl of a particular form of currency from circulation. The old unit of currency must be removed and substituted with a new currency unit. Demonetisation took place on 8 November 2016 by the present Modi Government. This is a bold step which has been taken by the Government for the betterment of the Indian economy and Indian Society. This article discusses the impact of recent demonetisation on the Indian System.
Keywords Black money, Corruption, Demonetisation, Indian economy
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