It has been a long debate - what is the impact of demonetization on black money in India?? Has it been a success or a failure...
In last few days, two data sets have come – RBI giving account of Demonetised currency i.e banned Rs 500 and Rs 1000 notes and Q1 FY18 GDP growth rates. Both these datasets are being pointed to Failure of demonetisation by various quarters.
Before deciphering this data let’s look at the purpose of demonetisation. According to a Ministry of Finance press release, the key objectives of demonetisation were to flush out black money, eliminate fake currency notes, strike at the root of financing terrorism, convert the non-formal economy into a formal economy and to give a boost to digitization.
Find us on Social Media and stay connected:
Facebook Page - [ Ссылка ]
Facebook Group - [ Ссылка ]
Twitter - [ Ссылка ]
