*Research Scholar, School of Tourism, Travel and Hospitality Management, Central University of Himachal Pradesh, Temporary Academic Block, Shahpur, Himachal Pradesh, India, tarun.vashishat@gmail.com
**Research Scholar, School of Business and Management Studies, Central University of Himachal Pradesh, Temporary Academic Block, Shahpur, Himachal Pradesh, India, vikas.dtyagi.15@gmail.com
The goal of this research is to identify the short-term impacts of demonetization of 2016 on Indian economy and then finding its probable future impacts in the longer run. The study found that major aim of the move was to curb the menace of black money and the best thing that happened as a result was the changing payment behavior of the consumers. An uncertainty of cash supply can also lead to more demand for cash. The move will increase liquidity in the formal banking system but a decrease in production will deviate from its core objective.
demonetization, economy, GDP, cashless, parallel economy
