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A Comparative Study on Post- Independence Demonetization in India for the Years 1978 & 2016
Demonetization means the high denomination bank notes terminated to be legal tender. The high value materialized currencies were dematerialized. This study aims to compare the effects of demonetization during 1978 and 2016. To identify the key determinants for the demonetization in post-independence India. It involves to make more efficient in economy by amending the Black Money threat, price rise due to cash based economy, fiscal deficit, corruption and inflation which causes for GDP and counterfeit currency. This study observed number of articles and conversation were processing for demonetization during last few months. In view of all the said evidence’s were reviewed in this paper.
- V. Kavitha Rajan *
