DMPQ: Demonetisation came when world was showing resilience towards negative growth environment. What were the reasons for demonetisation?
Demonetisation was part of the move to curb corruption. It was one of the step to curb the system of black money. The major reasons for demonetisation were: India’s currency to GDP ratio was 12%. The value of the high currency notes also increased after increase in the standard of living. India’s economy is … Read more