An Impact Analysis of Demonetization on Key Sectors of the Indian Economy

Demonetization has certainly created a stir in the Indian financial market and the Indian economy at large, in terms of its subsequent impact of reduced lending rates, reduced inflation rates, increase in CASA, affordable Real Estate prices, a move towards a cashless society which also imbibes accountability of transactions thus reducing black money laundering, affordable oil and travel costs and many more. As many economists and industrialists have pointed out, there may be an initial dip in sales, business and hence the seemingly overall growth, but in the long-run, the demonetization drive of 2016 will have a definite positive and a lasting effect. DOI: 10.5281/zenodo.346483