“A Conceptual Study on Impact of Demonetization on Major Parameters.”
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Abstract
The study is based on the Recent Central Govt. Reforms of Honorable Prime Minister Mr. Narendra Modi i.e. DEMOTIZATION to eradicate corruption, terrorism and to move towards cashless economy. The purpose of this research paper is to use recent facts and figures from Print and T.V media to summarize the pros and cons of Demonetization; This research paper will supply quantitative and qualitative data the outcome of Demonetization with a guide to predict the GDP Growth Rate and Tax Structure, Inflation, Interest rates for loans and deposits in commercial banks in future. And its overall impact on Indian Economy. The Research paper also tries to point out pros and cons of digital payments post demonization phase. The Research paper is an attempt to contribute theoretical highlights of demonization phase and in future what are the possible outcomes of the said reforms initiated by our Prime Minister Narendra Modi .The paper also tries to guide the Indians to practice digital payments to move towards cashless economy in coming years. The Paper stresses on corruption and terrorism both on prior demonetization and post demonetization phase so that the purpose of demonetization can be analyzed to judge whether the outcome in positive or negative. It is the central govt. dream to make India as a developed economy whether the mission is fulfilled or not.