Literature review on demonetisation

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The demonetisation was right step, but it would be effective only if it is followed with measures leading to cashless economy. Demonetisation has been the biggest economic measure that India has seen post-Independence. It has caused and will result in many social, political and economic effects. Some people criticised the move in the beginning and even tried to incite people to oppose the move and demanded immediate rollback and now those same set of people are talking about how cashless economy is not possible and is bad. The arguments provided to support their points were always weak like where in the beginning, some people criticised the new 2k note because of its colour and even termed calling black money black as racism!
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Book Review: Demonetisation And Black Money

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Demonetisation in India: Its Objectives and Effects on Indian Economy - Pen2Print

As financial quarters roll by, it is becoming abundantly clear that the demonetisation experiment was extremely ill-thought and ill-planned. On the night of November 8, prime minister Narendra Modi deprived 86 per cent of the currency of its status as legal tender. In the following months, Indians stood in serpentine queues, suffering the bureaucracy's shameful flip flops while BJP politicos gave incredible spins to a move that was, essentially, as economically daft as Muhammad bin Tughluq's hare-brained scheme in the 14th century to allow citizens to exchange copper coins issued by his kingdom for gold ones. Tughlaq's legacy remains cemented as one of misrule, but perhaps history will be kinder to Modi. Demonetisation in the Detail, edited by senior journalist and former Rajya Sabha member HK Dua, is a jab at writing a first draft of history. The book aims to take a comprehensive view of the scheme — from the perspective of the economy, polity, society, history and labour — and largely manages to impress with its array of contributors and their scholarship.
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2016 Indian banknote demonetisation

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