India Demonetization Policies Discussed by MarketLine in Its Comprehensive Report Published at MarketPublishers.com09 Oct 2017 • by Natalie Aster
LONDON – With an eye to take serious measures against the undeground economy and minimise the usage of counterfeit currency, in November 2016 the government of India ordered the demonetization of all 500 and 1,000 rupee notes. These bank notes together capture 86% of the circulating currency in the country, and 50 days were given to the local population to bring them back to banks.
The unlooked-for announcement had a huge influence on the local citizens’ daily lives as well as seriously disrupted the overall economy within the country, with a slew of analysts claiming its long-term advantages not warranting the short-term losses inflicted.
A shift from cash to electronic money is one of the consequences of the demonetization that the country is likely to feel in the offing. Another one is the expansion of the tax net, which is anticipated to provide relief to the government and boost its revenues.
Comprehensive market research report “India's Demonetization” drawn up by MarketLine is designed to give a granular, unbiased picture of the demonetization policies implemented in India in November 2016.
The study investigates the context lying behind the country’s decision to demonetize, and clarifies the reason why the government ordered demonetization. It offers a discussion of whether the policies succeeded in reaching their targets, gives essential details about how demonetization has influenced the domestic economy. The report explores how the popularity of the Indian party of government has been affected, as well as identifies what benefits this policy brought for the Indian economy.
More comprehensive market research studies by the publisher can be found at its page.