Date

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 8th, 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.

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