The historic day of 8th November 2016 would be remembered as a defining moment in the history of Indian economy. This was the day when the Indian PM Mr. Narendra Modi shocked the nation with the declaration of demonetization and scrapped the high value currency of Rs. 500 and Rs. 1000.
This day indicates the Government's resolve to curb the menace of black money from the Indian economy. It was considered as a well thought decision from the government and also a hidden urge of the larger section of our society to root out the curse of corruption and black money.
Let us discuss how the economy has fared in the past one year of demonetization. We have seen and witnessed the bad part but now we will focus on how it is changing the way Indian economy is moving now.
This day indicates the Government's resolve to curb the menace of black money from the Indian economy. It was considered as a well thought decision from the government and also a hidden urge of the larger section of our society to root out the curse of corruption and black money.
Let us discuss how the economy has fared in the past one year of demonetization. We have seen and witnessed the bad part but now we will focus on how it is changing the way Indian economy is moving now.
