Demonsetisation: History and its Impact on Indian Economy

Abstract

The present paper will analyse how the demonetisation affect the economy all over the world and more specifically the Indian economy. This paper will also investigate what are the negative as well as positive effects of the demonetisation in the different sectors of Indian economy such as agriculture, retail, real estate, fishery and jewellery market etc. It is a necessary step whenever, there is high circulation of fake money, huge store of black money and tax evasion prevailing in the country. This paper will explore the history of demonetisation around the world as well as in India.