“Demonetization” - A Dead End for Shadow Economy: A Critical Analysis in Indian Context

The demonetization process has captivated many people's interest, and the system will face some serious resistance as a result of decision. present study intends to examine effects Currency devaluation Indian economy's future prospects in light choice made. not only explores navigates topic grafting, but it also covers number other topics that may have direct or indirect impact on financial whole. Every national interest triggers well-established economy planned infrastructural set up. move demonetize however extent met sort it. black shadowed paper money required be vanished off this needs done keeping fiscal deficit row. Various available literatures were reviewed know impacts study. statistical trend variety long-term implications for global scale. theme article corresponds prior choices past. As choice, prominent sectors suffered, research systematically attempts assess their performance. outcomes are, plant innovative seeds such elimination Black Money, Tax Evasion consequently, provides Digital Platform Cashless Economy. change setup traditional buying selling items would changed forever, turn, stagnant dependency Paper Money. Demonetization significant advantage regard. Income tax authorities trace is deposited. result, people hesitant engage evasion. In addition, financing deal scrutinized initiated through proper channel enhance accountability. flow taxes grow government forced take more public welfare measures.