Banarsidas Chandiwala Institute of Professional Studies, Dwarka (affiliated to Indraprastha University)
Two issues, corruption and black money have ensconced the Indian economy for long, and have been a major issue concerning the public interest. Various political deliberations in the parliament and outside, campaigns, public demonstrations, fasts and dharnas, has been ways to project the discord and antagonism, with respect to the boiling issues of corruption and black money. Various cases related to corruption have been unearthed in the past keeping all them in view, government has taken various initiatives, to eliminate the corrupt practices and black money from the economy. This paper talks about the recent development “Demonetization” taken place with the objective of curbing the black money followed by, making the economy cashless. Through this work, we aim to uncover the impact of demonetization on the economy of India. The endeavour through this paper is to observe whether the move is actually welcomed by the masses with open hands and will it be a way towards making the economy cashless.
Demonetization, Indian Economy, Black Money, Corruption, Cashless Economy