Study on Demonetization and its Counter- Effect on the Common Man Life

Abstract

In spite of the fact that Demonetization has Bring into existence so many constrains must negotiate
with series of hurdles for the citizens of India, and they had confronted so many state of difficulty that
needs to be resolved; they faced wait in line problems in the banks and ATMs for depositing and
withdrawing money. Citizens of India faced problem of less expenditure of goods due to the lack of
cash liquidity. Various businesses broke up due the lack of liquidity; business proprietors as well as
person who uses goods or services faced so many question raised for consideration or solution.
Government has given so many legal means to recover a right or obtain redress for a wrong to the
citizens for time to time. Some economics connoisseur said that positive and forceful consequence of
demonetization will showed in future. Government has also increased the withdrawal limits so that
the queues in front of banks and ATMs have brought down. In some manner black money also seems
to be comes out to many cooperators. Now we should wait and watch the on the whole impact of
demonetization constrain.

Keywords: Demonetization, Economic Crisis, Financial Sector, E- Commerce.