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    what shall be impact of Demonitization

    Posted By : CS Gaurav / Published on : 29-Nov-2016 02:08 PM / View : 888 / Comment : 2

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    Hi Folks, What do you think shall be the impact of Demonitization in India?
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    • The Effect of Demonetization on Indian Economy can be in two aspects:-

      1.From one aspect, It will discourage Black Money, Enhance Banks' strength by increasing Liquidity, More Revenue Collection by Government, More White Money will increase compliance and Tax Payment, Positive GDP Growth in Long Term and will create Faith among Honest Taxpayers.

      2.From other aspect, It will affect Indian Economy Negatively in Short Term, Difficulty to Honest Tax Payers who had Cash in Hand, Country have to Bear High Cost of Printing New Currency, Difficult to operate Business as India is not much Capable to transact Cashless and, also Internet Banking is not free from Threats.

      29-09-2017 / 04:31:09 AM
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