Analyzing The Influence Of Demonetization On Small And Medium Companies In India

Abstract

Introduction-This part of the study develops the research aims and objectives. Further, the overall idea of demonetization has been analyzed in this part.

Literature review- It has been discussed the digital transaction and development of the cashless economy of India. Further, the overall impact of demonetization had been encountered in this section.

Methodology-The primary quantitative analysis had been conducted in this research to gather the information directly from the respondents. For this purpose, 75 respondents are selected to conduct the survey. In addition, SPSS has been done to analyze the result of the research.

Findings-The overall findings discussed that demonetization is a vital step of the government to decrease the black money in the market. The government further stopped the caution of 500 and 1000 notes in this context.

Discussion- It is the brief of the overall findings of the researcher. Furthermore, the government had several motives behind the adoption of this policy.  The GDP of India has grown up positively. However, the small companies are not effectively able to deal with this policy so almost all small industries have vanished from India.

Conclusion-The overall summary of the study had been presented in this section of the research. The economy of India developed.