|
A STUDY ON DEMONETIZATION- ISSUES & CHALLENGES
2
Author(s):
VIPIN KUMAR, DR. RAJEEV SHARMA
Vol - 8, Issue- 4 ,
Page(s) : 42 - 47
(2017 )
DOI : https://doi.org/10.32804/IRJMSH
Abstract
The demonetization had a great significant and immediate impact on the state of the Indian economy. India has amongst the highest level of currencies in circulation as of Nov 4, 2016 at 13% of GDP. Cash on hand is an estimated at around 3.2% of household assets, higher than investment in equities. Of this cash, 86.5% is in the form of Rs 500 and Rs 1,000 notes in circulation (11% of GDP). This paper will take up the issues & challenges related to demonetization. The paper also discusses the past experience of demonetization in India and its outcomes.
- Nitin kumar, & Sharmail, demonetization and its impact on Indian economy.
- Ms.E.Kamatchi Muthulakshmi., Impacts of Demonetization on Indian Economy- Issues & Challenges, “IOSR Journal of Humanities And Social Science (IOSR-JHSS) e-ISSN: 2279-0837, p-ISSN: 2279-0845. PP 34-38.
- K. Veerakumar, “A Study on People Impact on Demonetization”, International Journal of Interdisciplinary Research in Arts and Humanities, Volume 2, Issue 1, Page Number 9-12, 2017.
- Nafees. A. Khan, P. T. Chaudhary, "Black Money: Its Impact on the Indian Economy," Tax Reforms in India (Ed.), Srinawas Publications, Jaipur, pp. 150- 155, 2003.
- Sukanta Sarkar (2010). “The parallel economy in India: Causes, impacts & government initiatives”. Economic Journal of Development Issues, Volume 11-12 no.(1-2) p.124-134.
- Vijay Kumar Singh, (January 2009) “Controlling money laundering in India – problems & perspectives” To be presented at the 11th Annual Conference on Money and Finance in the Indian Economy- At the Indira Gandhi Institute of Development Research
|