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Views 2 “November 8, 2016, would be remembered as a watershed in the history of the Indian economy. The Government of India, under the leadership of Prime Minister Shri. Narendra Modi, announced the demonetisation of the Indian Rupee, immediately nullifying the INR 500 and INR 1000 cash notes a single decision meant to destroy the underground economy affecting each and every citizen of the nation, regardless of their occupation, status or wealth. Being an Indian, and witnessing the government’s sudden announcement of INR demonetisation and the uproar it caused in industries, businesses and households all across the country has highly motivated me to investigate why Prime Minister Modi thought demonetisation was the only answer to shrink the underground economy in the country.

United kingdomCzech republicIndia generalNarendra modiEuropean monetary unionHindustan unileverEuropean unionEuropean monetary union austriaHigh denomination bank notesPrime ministerIndian rupeePrime minister modiUnderground economyIndian governmentHigh denomination bank notes actHindustan unilever limited