Impact of Demonetization on Indian Economy With Reference to Employment

5 Pages Posted: 2 Jan 2019

See all articles by Priyanka Wandhe

Priyanka Wandhe

Rashtrasant Tukdoji Maharaj Nagpur University

Date Written: December 15, 2017

Abstract

Demonetization is a process of extraction of a particular form of currency from circulation. The current form of money is pulled out from circulation and retired, to be replaced with new notes or coins. The latest demonetization measures taken by the Indian Government on November 8th 2016, in an effort to curb corruption and black money has resulted in a multitude of unintentional consequences. While the important purpose behind this move is commendable, the planning and implementation of the scheme leaves much to be desired from a policy point of view. The move has caused rolling impact throughout the economy, leaving most sectors economically crippled owing to the unexpected cash crisis. In this context, this paper aims to study the outcomes and probable ramifications of the scheme on economy, specifically on employment.

Keywords: Demonetization, Employment, Indian Economy

JEL Classification: A00, A10, A11, A12, O00, E00, E50, E60, K00

Suggested Citation

Wandhe, Priyanka, Impact of Demonetization on Indian Economy With Reference to Employment (December 15, 2017). Available at SSRN: https://ssrn.com/abstract=3298002 or http://dx.doi.org/10.2139/ssrn.3298002

Priyanka Wandhe (Contact Author)

Rashtrasant Tukdoji Maharaj Nagpur University ( email )

Chhatrapati Shivaji Maharaj Administrative
Premises Ravindranath Tagore Marg
Nagpur, Maharashtra 440001
India

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