DEMONETIZATION AND ITS IMPACT ON INDIAN ECONOMY

India includes amidst the highest level of monetary standards available for use at 12.1% of GDP. Money available is an expected at around 3.2% of family unit resources higher than interest in values or generally around $ 220 billion. Of this money 87% is as Rs 500 and Rs 1 000 notes or generally Rs 14 lakh crore ($190 billion).A noteworthy segment of the family unit money close by is created by monetary exchanges that are not answered to assess experts or created through defilement. Rejecting the higher group cash would either bring about these being brought into the framework or the cash simply vanishing. Demonetization can be said as a Surgical Strike‟on Black Money Terrorism Fake Currency Unorganized exchanges Real Estate Share showcase and so on then again on the off chance that we discuss the Indian business in a more extensive way it can be classifications in three sections Manufacturing segment Service division and Agriculture part. After demonetization just Agriculture division demonstrates some positive change while on the off chance that we discuss the assembling and administration division both were slammed down and these will influence the entire Indian market in 2017 too.The present paper features the plausible results of this choice on different monetary factors and elements.