COLLISION OF DEMONETIZATION ON SOCIETY – A CASE STUDY OF BELAGAVI DISTRICT

SACHINDRA GR, AKASH SB

Abstract


The Demonetization is the process of withdrawal of a particular form of currency from circulation and it had a great significant and immediate impact on the shape of the Indian economy as a whole and on the common citizen in particular. In this paper, an attempt has been made to find immediate impact of demonetization on the day to day life of the middle class people of India. Samples of 200 respondents were conveniently selected from Belagavi District. The data was collected by administering a standard and structured questionnaire and it was compiled and analyzed by using both mathematical and statistical tools and techniques.  It is found based on the data that gaining political advantage was the primary motive of the move. It also results that, even though the Government claims that corruption, black money and terrorism were reduced substantially, in reality, consequences of the demonetization are showing the negative result.


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ISSN : 2251-1547