Demonetization and Indian Digital Economy
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Wednesday, 9 November 2016 was a day that was marked into the history books, not just for India but also the world. Two Indian currency notes of ₹ 500 and ₹ 1,000 were taken out of circulation as of 8 PM.
The objective and the outcome of demonetization of Rs 500 and Rs 1000
The aftereffects of announcement of demonetization of notes of Rs 500/-and Rs 1000/- put the stakeholders of black money amounting to approximately Rs 5.5lakhs crore unaccountable amount besides circulation amount of Rs 14 lakhs 300 crore notes of Rs 1000/-
A drastic move with mixed effects on the economy of India
Big amount of fluctuation may take in the Indian Share Markets where the reasons are twofold. If Trumph’s victory is one then sufferings due to the abolition of Rs 500 and Rs 1000 notes is another reasons. The investors have