The influence of Demonetisation on Consumers of some selected sector In India

Abstract

Demonetization is the act of stripping a currency unit of its status as legal tender. It affect different sectors of the economy at large. In India demonetization took place on November 8, 2016 with withdrawing five hundreds and one thousand notes. The main purpose of this paper is to study the impact of demonetisation on consumers of different sectors such as e commerce, food and grocery industries, real estate, steel industry.

 The study is descriptive in nature through the study and analysing some of literature review. The results of the study showthat the black money is prevalenceall around in India and as a result of the spreading the black money had caused menaces in the economy. The study also found that laws had to be implemented properly to demonstrate black money in our economy. This findings show the effect of such as a move on the availability of government finances, spending, level of activity and credit.