Demonetization has brought many changes in the Indian Economy. Comment this statement.
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Demonetization has brought many changes in the Indian Economy. Comment this statement.
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Demonetization has brought many changes in the Indian Economy:
• India had the Demonetization on 8 November 2016 in which the government had banned the Rs. 500 and Rs. 1000 currency notes.
• It had impacted a lot to the GDP of the country as well to all the people as those who didn't have their accounts in the banks used to save their money in their homes and those who are living in the rural area was unable to reach to the banks.
• Despite that a lot of black money was caught which was one of the motives of the government.