Demonetization in India: An Analysis of an Instant Decision

Name

Jaymin Patel, Georgia Southern UniversityFollow

Publication Date

4-10-2019

Major

Finance (BBA)

Document Type and Release Option

Thesis (open access)

Faculty Mentor

Dr. Axel Grossmann

Abstract

This analytical study examines the impact of demonetizing the Rs. 500 and the Rs. 1000 legal tender in India, which occurred on November 8^th, 2016. The study analyzes impacts on the GDP of India, employment rate, stock market volatility, agriculture sector, and the overall economy. The study shows that the demonetization movement had more short-term impacts than long-term and it generally failed to achieve its main objective.

Recommended Citation

Patel, Jaymin, "Demonetization in India: An Analysis of an Instant Decision" (2019). Honors College Theses. 404.
https://digitalcommons.georgiasouthern.edu/honors-theses/404