Title: RECENT WITHDRAWAL OF RS 2000/ NOTES BY THE GOVERNMENT
OF INDIA: A CRITICAL AND CONTRASTING STUDY WITH THE
EARLIER DEMONETISATION OF 2016
Authors: Aanya Rastogi
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Aanya Rastogi
Pathways World School
MLA 8 Rastogi, Aanya. "RECENT WITHDRAWAL OF RS 2000/ NOTES BY THE GOVERNMENT OF INDIA: A CRITICAL AND CONTRASTING STUDY WITH THE EARLIER DEMONETISATION OF 2016." Int. j. of Social Science and Economic Research, vol. 8, no. 7, July 2023, pp. 1982-1994, doi.org/10.46609/IJSSER.2023.v08i07.024. Accessed July 2023.
APA 6 Rastogi, A. (2023, July). RECENT WITHDRAWAL OF RS 2000/ NOTES BY THE GOVERNMENT OF INDIA: A CRITICAL AND CONTRASTING STUDY WITH THE EARLIER DEMONETISATION OF 2016. Int. j. of Social Science and Economic Research, 8(7), 1982-1994. Retrieved from https://doi.org/10.46609/IJSSER.2023.v08i07.024
Chicago Rastogi, Aanya. "RECENT WITHDRAWAL OF RS 2000/ NOTES BY THE GOVERNMENT OF INDIA: A CRITICAL AND CONTRASTING STUDY WITH THE EARLIER DEMONETISATION OF 2016." Int. j. of Social Science and Economic Research 8, no. 7 (July 2023), 1982-1994. Accessed July, 2023. https://doi.org/10.46609/IJSSER.2023.v08i07.024.
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[3]. Kishore, R. (2021, November 7). Five years since demonetisation: What has changed? Hindustan Times. https://www.hindustantimes.com/india-news/five-years-since-demonetisation-what-has-changed-101636310390379.html
[4]. Lahiri, A. (2020). The Great Indian Demonetization. Journal of Economic Perspectives, 34(1), 55–74. https://doi.org/10.1257/jep.34.1.55
[5]. Pti. (2022, November 6). Six years since demonetisation, cash with public at record high of ?30.88 lakh crore. https://www.thehindu.com/news/national/six-years-since-demonetisation-massive-jump-in-cash-with-public-at-3088-lakh-crore/article66103872.ece
[6]. S, S. M. (2021). Demonetisation-article. ResearchGate.
https://www.researchgate.net/publication/354784051_Demonetisation-article
ABSTRACT: Demonetisation by and large when used as a policy tool to unearth black money, stop terror
funding and control inflation have been only partially successful. The demonetisation of 2016 led
to more hardship and pain than fulfilment of the reasons stated above. This was because the
Indian economy is largely an informal unorganised sector where most of the daily wage earners
are paid in cash. The demonetisation of 2023 has been better handled as there is enough time for
exchange of ?2000 notes, and the RBI had stopped printing these notes sometime ago.
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