Demonetization and Its Effects A Socio-Economic Analysis

Demonetization refers to the withdrawal of a particular form of currency from circulation. On November 8, 2016, the Government of India announced the demonetization of ₹500 and ₹1,000 notes, aiming to curb black money, counterfeit currency, and corruption. This research paper analyses the short-term and long-term economic and social effects of this policy decision. The paper will explore its impact on various sectors such as banking, trade, informal employment, and digital transactions