Was demonetisation a successful step?

The data on Income tax returns filed also confirms the success of the demonetisation of the scheme. According to I-T Department data, number of income tax returns filed grew 6.5 per cent in FY 2015 to 40.4 million. It surged 14.5 per cent in FY 2016 and then jumped 20.5 per cent in FY 2017, the year of demonetisation.

Was demonetization good or bad?

After more than 2 years of Demonetization, Indian Economic Survey claims that the economy has done away with all the negative impacts of Demonetization. However, economic experts are of the view that the economy is still crying for a faster growth and little objective has been achieved by the demonetization move.

Was demonetisation a good move Quora?

Originally Answered: Is demonetization good for a big country like India? Its good but now its definitely bad as implementation completely failed and black money still hoarding with many people in form of Rs. 2000/- notes which is horrible for common man and as usual corruption continues in higher denomination.

What is the conclusion of demonetisation?

Answer:The currency has been demonetised thrice in India. concluded that Demonetization is advantageous in short, medium and long-term. He concluded that demonetisation was a compulsory step to tackle the problem of black money, terrorism and corruption etc.

Was demonetization a success or failure Quora?

Demonetization in India was indeed a big failure as it failed to meet its goals. As we all know that the motto of this whole process was to extract as much black money as possible but it actually turned out to be a flop since it had limited success.

Was demonetization successful in India Quora?

Demonetization is not successful in India, it was a failure if you measure the success by how much currencies have returned to RBI. For example, RBI had Rs10000 in market and RBI recieved only Rs 9900. That means RBI got benefitted by only Rs 100.