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Demonetized India: An Analytical Study

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Parag Arun Narkhede

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The Indian Journal of Economics and Development (2018) 14(4), 713-718
DOI: 10.5958/2322-0430.2018.00191.9
Indexed in Clarivate Analytics (ESCI)

Parag Arun Narkhede
Associate Professor, KCES’s Institute of Management and Research, Jalgaon-425003 (Maharashtra)
Email: paragnarkhede@yahoo.com

ABSTRACT
India is a country where lots of people are dependent on unorganized business demonetization is the process of stripping a currency unit of its status as legal tender. This paper discusses public opinions on the move of demonetization taken by Central Government of th India on 8 November 2016 with respect to its reasons and effects on people belonging to a different profession. The study used the survey method where data were collected through a structured questionnaire from a sample of 202 respondents by convenience sampling technique. The results demonstrate that in spite of inconvenience caused to people, they are still in favor of demonetisation and are willing to accept such kind of initiation with a hope that it has reduced corruption& parallel economy.

Keywords
Black money, corruption, demonetisation, legal tender.

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