Conclusion of demonetization

  CONCLUSION (OF DEMONETIZATION)





RBI has and might have adequate replaced up to 75% of demonetized value with the new 500 and 1000 notes within the two months it might had. People of India are very much adaptive and is evident from the massive support for the move and quick change to e- wallets. Even in the first week of demonetization some sectors of the economy have shown growth while some other sectors such as impulsive purchase sector ( biscuits, soft drink etc.,) have shown decline. Farmers and Rabi sowing do not seem to have been affected, reflected by the increase in sowing area. 




Currently India economy is taking 'V' shape after the effect of demonetization. After demonetization digital payment is increasing one. All peoplesvare trying to adopt digital payment.



 Black money  has reduced in Indian economy. Corruption has reduced in India. Deposit in the bank short term may rise but in the long term it's effect will come down. Due to demonetization, gross domestic product of India will be decline.



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