*Professor, Department of Applied Economics, University of Lucknow, Uttar Pradesh, India
**Assistant Professor, Lal Bahadur Shastri Institute Of Management And Development Studies, Lucknow, India
Online published on 15 March, 2019.
There will be excess fake currency in the economy is main reason of demonetization. India has demonetized before as well. It was done for the first time on 12 Jan 1946, second time on 16 Jan 1978 and third time on 8th November 2016. The paper focuses on analyzing basic reasons for implementation of demonetization in India and its overall impact of demonetization
