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Impact of Demonetization in India on MSME

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Impact of Demonetization in India on MSME


Dr. Shweta Chaudhary | Ms. Aditi

https://doi.org/10.31142/ijtsrd23049



Dr. Shweta Chaudhary | Ms. Aditi "Impact of Demonetization in India on MSME" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-3, April 2019, pp.1088-1090, URL: https://www.ijtsrd.com/papers/ijtsrd23049.pdf

Demonetization of Indian currency notes of Rs. 500/- and 1000 is considered as boldest move taken by PM Narendra Modi. The decision was announced on the evening of November 8th 2016. The reason behind this decision is to keep a check on corrupt and black money hoarders. It is expected that this move of government will be helpful in reducing inflation which will be a great relief for general public of India. Though the decision is sudden and quick hence it will definitely have major impact on economy. Almost all sectors of economy get affected by demonetization. The small and medium business sector in India has a heavy influence on the economy. It provides employment to millions of people every year and contributes a good 8% to country’s GDP. A large part of our population rely on this sector for employment hence the importance of MSME in India cannot be overlooked. Keeping g all these factors in mind the present paper is an attempt to measure the impact of demonetization on MSME. The study will be descriptive in nature. Data collected for the purpose of this study is based on secondary sources as researcher has reviewed more than 50 articles and research paper for the purpose of collectind data for the same.

MSME, Parallrel economy, De-monetization, Inflation, corruption, Black Money, GDP, Balance of trade


IJTSRD23049
Volume-3 | Issue-3, April 2019
1088-1090
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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