Abstract

Examining the history of the Indian economy, the problem of counterfeit notes, black money creation, corruption, widespread use of currency notes in terrorism, the sale of illegal drugs, illegal business administration, etc. have been eliminated. To overcome this, demonetization was adopted as the “Basic Steps for Stabilization”, which helps to eliminate the short-lived economic instability or prolonged economic inequality. Demonetization was considered as the primary step in moving income distribution to equality. In the next step, digital transactions and GST (Goods and Services Tex) steps have been taken to bring administrative transparency. By reducing the creation of black money in the country by increasing administrative transparency, the money should be made useful for the development of the country. For this I will study some of the effects of demonetization.