Original Study

Open Access

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Peer-reviewed

The Economic Implications of Demonetization and the Economic Stabilization

Patel Virendrabhai A.

DIP: 18.02.013/20180304

DOI: 10.25215/2455/0304013

Received: June 25, 2024; Revision Received: June 25, 2024; Accepted: June 25, 2024

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.

The authors profoundly appreciate all the people who have successfully contributed to ensuring this paper in place. Their contributions are acknowledged however their names cannot be mentioned.

The author declared no conflict of interest.

This is an Open Access Research distributed under the terms of the Creative Commons Attribution License (www.creativecommons.org/licenses/by/2.0), which permits unrestricted use, distribution, and reproduction in any Medium, provided the original work is properly cited.

Responding Author Information

Patel Virendrabhai A. @ info.ijcst@gmail.com

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Article Overview

ISSN 2348-5396

ISSN 2349-3429

DIP: 18.02.013/20180304

DOI: 10.25215/2455/0304013

Published in

Volume 03, Issue 4, October – December, 2018

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