The Implications of Demonetization and Currency Constraints on Indian Tourism – A Perspective Analysis

Abstract

A landmark decision by the Government of India on the 8th of November 2016, viz, demonetization, propped up monetary repercussions of high magnitude the nation has ever witnessed.  The ‘Ifs and Buts’ of demonetization are being widely debated (of course at this juncture the government machinery and banks need to announce the positive outcomes such as stoppage of terrorist funding and black money, etc. as claimed earlier) albeit in the  days that followed after the announcement it became explicit that the decision was taken without adequate preparedness. The whole process, though seemingly transparent, has had on impact on the lives of all the citizens leading to the initial optimism expressed by a great number of people waning into contempt and