Demonstration Instrument: A Blow and Outcome on the Indian Populace

Abstract

The argument post in favor of demonetization is that the cash that would be quenching �black money� and hence, should be lawfullyput out to set right the perverse incentive arrangement in the economy. This article has made an attempt to assess impact as well as consequences occur during demonetization and how the tool of Demonetization can be used to exterminate parallel economy. Demonetization is one of the big steps initiated by Government in addressing the various issues like black money, fake currency, corruption, terrorism etc. History of demonetization in India and around the world is addressed. Lesson from historically demonetization direct us how to redefine financial system of country by overcoming the previous causes for failure. Demonetization obliviously brings a lot of inconveniences to ordinarypopulace but it is for only short term. However the long term benefits of demonetization overrides the short term challenges.