Asian Journal of Multidimensional Research (AJMR)

Withdrawal of cash from the legal tender is known as demonetization,which took place in the year 2016 November, the sudden implementation of this action aimed at eradication black money, funds to terrorists and to eradicate fake currency though it was a positive action it also affected the various sectors of the economy, the data was collected from secondary source, this paper helps us to know about the various sectors which were effected that is agriculture, automobile, and this study also examines the positive and negative aspects of demonetization and also the drastic change from cash to digitalization transaction.