demonetization: impact on indian economy

203 Pages·2017·7.93 MB·English

DEMONETIZATION: IMPACT

ON INDIAN ECONOMY

Volume – II

Edited By

Dr. Sharda Gangwar

(A DIVISION OF IGNITED MINDS EDUTECH PVT LTD)
www.horizonbooks.asia
Disclaimer
The authors are solely responsible for the contents of the articles compiled in this book. The
Publishers or the Editors do not take any responsibility for the same in any manner. Errors, if
any are purely unintentional and readers are requested to communicate such errors to the Editors
or Publisher to avoid discrepancies in future.

Copyright © 2017 Editors
ISBN – 978-93-86369-10-9

Printed and Published by:
HORIZON BOOKS
(A DIVISION OF IGNITED MINDS EDUTECH PVT LTD)
www.horizonbooks.asia

MRP: INR — 350 /-

ALL RIGHTS RESERVED.
No part of this publication may be reproduced or stored in a retrieval system or transmitted in
any form or by any means electronic or mechanical, photocopying, recording or otherwise
without the prior written permission of the publisher.
Preface

Prime Minister Mr. Narendra Modi has initiated the demonetisation policy on
November 8, 2016 a step by which Rs. 500 and Rs.1000 notes have been replaced with
the new denomination currency notes. Demonetization is the act of stripping a currency
unit of its status as legal tender. It is a radical monetary step in which a currency unit’s
status as a legal tender is declared invalid. Therefore, it is imperative to evaluate the
short term, medium term and long term impact of it and consequences of this on the
economy. Further, the impact on this will vary from one individual to another and
therefore it is important to study the impact of this move on the availability of credit,
spending and level of economics and financial activities and government finances.
It was aimed at curbing the “disease” of corruption and black money which have
taken deep root. This has immensely affected the national economy of the country. The
studies have even concluded that it will even reduce the GDP of the country. The
research papers contain affect of demonetisation on the real estate, people, GDP
growth, industrial production, agriculture, automobile industry, e-commerce, etc. It is
remarkable that the post- demonetization overall sentiment continues to be largely
positive, despite its obvious immediate economic impact. Understanding how
demonetization may affect human behaviour is a fascinating academic discipline and
the papers presented in the seminar are focused to understand this.
It gives me immense pleasure to present these proceedings in the form of ISBN
Book titled “Demonetization- Impact on Indian Economy” to the academicians,
research scholars and students. The book consists of 40 research papers to facilitate the
academicians, research scholar and students for betterment of research.
In the preparation of this book, I have tried to accommodate the relevant research
papers from different area of demonetisation presented in the seminar. I hope that the
academicians, research scholar and students will be benefited and will find this book
useful.
I am grateful to all the contributors of for this volume. I would like to
acknowledge my deep sense of gratitude to Dr. M. L. Nath, Director, IEHE, Bhopal for
this undergoing help at all stages,. My thanks are also due to Dr. S.S. Vijayvargiya,
Convenor Head of Commerce Department, Dr. Ajay Mishra, Dr. N.R. Das, Dr. V.K.
Shukla Dr. Mukesh Jain, Dr. Preeti Mishra and Dr. Mahendra Singhai for affecting a
number of stylistic improvements in book as well as seminar. I also take this
opportunity to thank my and other non departmental colleagues and staff of the Institute
for organizing the seminar and publishing this book.
I will be failing my duty if I do not mention here the continued co-operation I have
received from my daughters Anshita and Ankita in the completion of this voluminous
work, in particular, whose patience, support encouragement understanding and love
helped to bring this efforts to fruition.
I would also like to give my sincere thanks to All India Accounting Association,
Bhopal Branch for their financial assistance.
I also record my appreciation of the publisher’s kind cooperation for the entire
period.
I look forward to receive suggestions from stakeholders for improving the
contents and presentation of this book.
Sharda Gangwar
ORGANIZING COMMITTEE

PATRON
Dr. M.L. Nath
Director, IEHE, Bhopal

CONVENER
Dr. S. S. Vijayvargiya
Head of Department

CO-CONVENERS
Dr. Ajay Mishra
Dr. N.R Das
Dr. Mukesh Jain
Dr. Preeti Mishra
Dr. Mahendra Singhai

OTHER MEMBERS OF ORGANIZING COMMITTEE
Mrs. Anita Deshbhratar
Mrs. Akansha Sharma
Dr. Pooja Tiwari
Dr. Arti Mudriar
Dr. D. K. Gangwar
Ms. Nidhi Masih
Ms. Dolly Chopra
Mr. Lokendra Singh Dangi
Mrs. Nimra Khan
Mr. Amit Mandle
Mr. Dheeraj Bhatt

STUDENT’S SUPPORT
Anshita Sachan

ORGANISING SECRETARY
Dr. Sharda Gangwar

LIST OF CONTENTS

Preface III
Organizing Committee V
01. ―Impact of Demonetisation on Employment in India‖
Mrs. Akanksha Sharma, Ayushi Birla, Raibee Motiani 01
02. “Demonetisation and Its Impact on Indian Economy (With the Reference to
Some Highlights of Budget 2017)”
Mrs. Dolly Chopra, Miss. Nivedita Rathore 06
03. “Effect of Demonetization in Financial Sector in India”
Nadeem Khan 10
04. “Importance of Cashless Banking in Present Economic Scenario of
Demonetization in India”
Nazia Khan 14
05. “Impact of Demonetization on Unorganized Retail Industry”
Nimra Saleem, Akshayata Chourey 18
06. “Impact of Demonetization on Banking Sector (In Special Reference of NPA)”
Nitin Kumar Jain 23
07. “Demonetization- Its Effects on Indian Economy”
Pradeep Kumar Rawat, Dr. V. K. Shukla, Dr. Nitesh Mishra 27
08. “Impact of Demonetisation on the Various Sectors of Economy”
Rashmi Parashar, Laxmi Sahu 35
09. “Demonetization: Impact on Indian Economy”
Renu Sharma, Dr. Bharat Singh Goyal 39
10. “Impact of Demonetization on Black Money – A Study”
Sadik Mohammad Khan 43
11. “Demonetisation and Indian Economy”
Shristi Bhowmick 46
12. “Impact of Demonetization on Indian Economy”
Sunaina Tiwari, Hritika Sharma, Khushi Shivhare 51
13. “A Study on Impact of Demonetization on Microfinance Sector”
Swati Chauhan, Ravi Raj Solanki 56
14. “Demonetization: Effect on the Wallet of Indian Economy”
Tarun Kumari, Smita Joshi, Prachi Bohare 62
15. “Demystifying Demonetization: Measuring the Impact on Business
Community through a Perception Survey in Gujarat”
Ashutosh V. Karewar, Manas Kumar Pedi 69
16. “Demonetisation - the Lose to Economy”
Dr. Amrita Sahu 79
17. “Demonetisation and Its Impact on Indian Economy”
Dr. Awadh Pratap Shukla, Dr. Manish Pandey 84
18. “Demonetisation: An Overview”
Dr. Deepa S. Kumar 90
19. “Demonetization - A Step towards Good Governance: A Legal Analysis”
Dr. Kiran Kori 93
20. “Benefits of Demonetisation – a Long-Term Gain”
Dr. Monica Joshi 99
21. “The Impact of Demonetization on Indian Economy”
Dr. Pooja Tiwari, Pooja Gaur 103
22. “Impact of Demonitization on Agricultural Sector - Special Reference to
Vegetables”
Dr. Pushpa M. Rawtani 111
23. “Demonetization - A Tool to Eradicate Black Money”
Dr. Rajkumar Bhimte, Mr. Sanjay Kumar Soni 118
24. “Demonetization: A Big Leap Forward”
Dr. Vikas Jaoolkar 123
25. “Cashless Economy: An Impact of Demonitization in India”
Durga Dwivedi, Dr. K.S. Patel 125
26. “Demonetisation: Impact on Tourism Industry”
Mr. Kallol Maity, Dr. Sunil Kumar Bajpai 132
27. “Impact of Demonetization on Indian Economy”
Dr. Santosh Gupta, Ms. Neetu Jain 134
28. “Demonetization and Its Short Run, Medium Run and Long Run Impact on
Indian Economy with Special Reference to Banking Sector”
Mr. Satyaprakash Singh Tanwar, Dr. Chanchal Kumar Buttan 143
29. “Demonitization: Impact on Indian Economy”
Mrs. Swati Sisodiya, Dr. P. Gautam 151
30. “Demonetization – Its Effects on Indian Economy”
Pradeep Kumar Rawat, Dr. V. K. Shukla 157
31- ifjogu {ks™k ij foeqnzhdj.k dk çÒko
32- e/;izn’s k ds lkxj ftys ds d`"kdks a vkSj d`f"k foi.ku dsUnzks a ij foeqnzhdj.k dk
rkRdkfyd izHkko
33- foeqnzhdj.k % Hkkjrh; vFkZO;oLFkk ij izHkko
34- foeqnzhdj.k % LoPN vFkZO;oFkk dh 'kq:vkr
35- foeqæhdj.k ¼Demonetization½ dk Hkkjrh; vFkZO;oLFkk ij izHkko % ,d leh{kkRed
v/;;u

36- foeqnzhdj.k vkSj Hkkjrh; vFkZO;oLFkk ij izHkko
39- foeqnzhdj.k dk lekyksPkukRed v/;;u
40- Hkkjrh; vFkZO;oLFkk es a foeqnzhdj.k dk v/;;u
41- भारतीय अथवथ य् वस् थ ा के ववभभन् न क्षेत्रों में ववमुद्रीकरण का प्रभाव
कामरान अहमद खान 186
42. “भारतीय्अथव्थ य्व्‍थ्ा्में्ववमुद्रीकरण्के्सामाक क्ंव्आ ्थिथकथ ्प्रभावों्का्अ‍्ययन”
वरूणेन्‍दर्््माा 193
43- dS'kyls vFkZO;oLFkk Hkkjr ds fy;s ,d pqukSrh