Open AccessImpact Of Demonetization: A Case Study Of Ambala Distt
Author(s) -
Ajit Bansal
Publication year - 2017
Publication title -
gbams vidushi
Language(s) - English
Resource type - Journals
ISSN - 0974-6374
DOI - 10.26829/vidushi.v9i01.10560
Subject(s) - currency , unit (ring theory) , language change , government (linguistics) , demolition , ranking (information retrieval) , business , economics , monetary economics , engineering , psychology , computer science , art , linguistics , philosophy , civil engineering , mathematics education , literature , machine learning
Demonetization is the act of stripping a currency unit of its status as legal tender. Demonetization is necessary whenever there is a change of national currency. The old unit of currency must be retired and replaced with a new currency unit. Samples of 200 respondents were randomly selected from Ambala District of Haryana. It is found that four variables namely gender, age, annual income, occupation have significant association with the impact of demonetization. It also results that demonetization helps demolish black money is the first ranking given by the respondents and it is followed by demolition of Social Evils like corruption, terrorism etc. It has been concluded that no doubt, most of the sectors have shown impact but all the issues mentioned in paper stand for very short period and in long term, Indian economy will emerge as one of the strongest economy in the world resulting from our government move of demonetization.