A SECTOR WISE STUDY OF THE RETROPECTIVE EFFECTS OF DEMONETISATION IN INDIA SCENERIO CHALLENGES AHEAD
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Abstract
The cash crunch due to demonetization has changed the Indian scenario. People are pushed to use plastic money to transact. The reason for the rise to m-pockets, further an increase in online transactions. It’s over two months and the buzz about “Demonetization” has not died down. There is a new digitalization where the concept not being new is being made familiar by everyone. An Indian economy is turning towards a cashless economy. The dead line of 31st December 2016 is up and there is a need to analyze the effects of demonetization sartorial wise and at the global level. Indians are used to cash transaction and the new concept of debit cards is making it difficult to tran sact irrespective of being enforced. This has engulfed all walks of life. The mobile is more frequently used for commerce rather than just a device for calling. It is more of a retail outlet at the hands of the customers. The online sales in India have increased by nearly 60% thereby it is seen that the growth in online transaction by 50%.
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