Demonetization and Digital Economy in Rural India

Hermeneutics, Vol.VIII No.2, pp. 217-229 (2018)

Posted: 28 Jun 2019

Date Written: September 1, 2018


The demonetization drive initiated by the Indian Government is going to have far reaching impact on the cashless economy. It is being considered as one of the most significant step in tackling the black money issue that has gripped our country since many years but simultaneously our economy is transformed into cashless economy. The whole demonetization scheme was considered a good initiative but lacked in the implementation part due to infrastructural deficiency. Regression analysis has been used in this study to determine research hypothesis. This research paper aims at studying the effects of this bold move on the penetration of cashless economy in rural areas and the key suggestions to make India a cashless economy.

Keywords: Demonetization, Cashless economy, Digital Economy

JEL Classification: E50

Suggested Citation

Jarwal, Devendra, Demonetization and Digital Economy in Rural India (September 1, 2018). Hermeneutics, Vol.VIII No.2, pp. 217-229 (2018). Available at SSRN:

Devendra Jarwal (Contact Author)

University of Delhi ( email )

University Road
Kirti Nagar
Delhi, DE New Delhi 110 007

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