Demonetization Collision on the Indian Economy

  • Unique Paper ID: 145131
  • Volume: 4
  • Issue: 7
  • PageNo: 450-458
  • Abstract:
  • The argument posited in favour of demonetization is that the cash that would be extinguished would be “black money” and hence, should be rightfully extinguished to set right the perverse incentive structure in the economy. While the facts are not available to anybody, it would be foolhardy to argue that this is the only possibility. Therefore, it is imperative to evaluate the short run and medium-term collisions that such a shock is expected to have on the economy. Further, the collision of such a move would vary depending on the extent to which the government decides to demonetize. This paper elucidates the collision of such a move on the availability of credit, spending, and level of activity and government finances.

Copyright & License

Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{145131,
        author = {JANNU ANUSHA},
        title = { Demonetization Collision on the Indian Economy},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {4},
        number = {7},
        pages = {450-458},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=145131},
        abstract = {The argument posited in favour of demonetization is that the cash that would be extinguished would be “black money” and hence, should be rightfully extinguished to set right the perverse incentive structure in the economy. While the facts are not available to anybody, it would be foolhardy to argue that this is the only possibility. Therefore, it is imperative to evaluate the short run and medium-term collisions that such a shock is expected to have on the economy. Further, the collision of such a move would vary depending on the extent to which the government decides to demonetize. This paper elucidates the collision of such a move on the availability of credit, spending, and level of activity and government finances.},
        keywords = {demonetization, cashless transactions, credit, tax evasion.},
        month = {},
        }

Cite This Article

  • ISSN: 2349-6002
  • Volume: 4
  • Issue: 7
  • PageNo: 450-458

Demonetization Collision on the Indian Economy

Related Articles