<b>Demonetization Effects on Indian Life and Challenges to the Indian Government 2017</b> In the history of Indian civilization economy was florist most of times however there are several reasons behind this fact viz the grounds of social political economic , cultural traditional and climate conditions in the course of development of civilizations the conditions of Indian economy were changed due to its systematic changes in its economy the remarkable changes are abolition of “ Batter system “ and introduction of the currency which is equivalent to the value of the goods and services. money, Demonetization, black money, globalization, privatization 636-638 Issue-1 Volume-2 Guguloth Chanti