Sriram, K V and Rodrigues, Lewlyn L R (2017) Effect of Demonetization in India- Economic, Political and Social Perspective. In: Annual Eurasian Business Research Conference, 30/03/2017, Manila, Philippines.

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Abstract

The demonetization exercise by the Indian government has been a widely debated topic in the media by economists, politicians and common public. The objective of the demonetization was to flush out the black money in the system, make counterfeits ineffective and to curb terrorist funding. The impact, however, was such that it changed the lives of people, displaced them, and created ripples in society. The purpose of this research is to study the effects of demonetization in India primarily focusing on Economic, Political, and Social Perspective. The study used qualitative research technique to find out the effects of demonetization relying primarily on newspaper content analysis. Since the topic is of current importance the author has mainly relied on personal observations, interview and related articles in newspapers and reports by government and private organizations. The relevant data and information has been taken from interviews of eminent economists in media and articles on demonetization published by leading newspapers that carried multi-dimensional views. Since demonetization has been considered as a very important step by the government, this study provides insight into the impact of this exercise on the social, economic and political perspective

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