Demonetization Policy : The Indian Debate

Indian present government took a bold and surprising decision on 8th November, 2016 to demonetize two largest denomination notes (1000 and 500 rupee) with a view to eradicate the black money from the market. The paper emphasizes on recent Indian demonetization confrontation with a brief highlight of such incidents around the world in the past. The opinions of economists, financial analysts and intellectuals have been highlighted on this paper. It is based solely on secondary information collected from previous articles, newspapers, magazines and books related to the subject matter. The paper will hopefully come to the help of those academicians seeking to investigate more and the policy makers who want some academic references