Impacts of demonetization in the indian state arunachal pradesh: A political gimmick or robust policy

Abstract

On November 8th, 2016, the Indian Government announced the demonetisation of the 500-rupee and 1000-rupee currency notes. Demonetisation is the process in which particular notes or coins are withdrawn from the circulation as a legal tender. The main objectives of demonetisation are, in general, to control corruption, black money, the finance of terrorist organisations and the duplicity of currency notes within a country. In the case of India, the 500-rupee and 1000 rupee notes ceased to be a legal tender starting from December 31st, 2016, and people having this demonetised currency notes had to change them or deposit them into their bank accounts. The objective of this research paper is to highlight the impacts that demonetisation brought to India.