International Journal of Commerce and Management Research

Authors
Goutam Bhattacharya

Abstract
Demonetization of economy is a splendid idea to revive the economy which is driven by jobless growth. From 1971 to 2000 six countries goes to demonetized their economy, viz- North Korea, Myanmar, Soviet Union, Nigeria, Zimbabwe and Ghana. The result of demonetization in case of these countries was not a pleasant one. Lack of demand in the market severely impact in the volume of business and investment. But the recent experience of demonetization in Indian economy tells a very different story. After remonitization of Indian economy a more transparent and strong scenario is appearing in respect of investment and growth. This paper emphasizes in various facets of demonetization and aftershocks in Indian economy, like-Investment shocks, remonitization, accounting profit, tax reform, cashless economy.