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DEMONETIATION ((EFFECTS (Economical # (Digital payment (Digital wallets…

- - - - Current account deficit
      - Shadow economy
        
        20% of GDP
        
        A great step against black money
      - Circulation of cash
      - Inflation #
      - Liquidity
      - Digital payment
        
        Credit and Debit cards
        
        Netbanking
        
        Digital wallets
        
        Applications developed by banks for digital payments
        
        Baroda M clip
        
        State bank buddy
        
        Applications developed by private companies
        
        Paytm
        
        Google wallet
        
        Freecharge
        
        Bitcoin
        
        Business opurtunities
      - Real estate #
      - Valuable metals #
        
        Gold
        
        Platinum
        
        Silver
      - GDP #
      - Banks
        
        Interest rates
        
        Lending rates
        
        Deposit rates
      - Cement
      - Steel
      - Consumer durables
      - Auto
      - Retailing
      - Destruction of fake currency #
      - Fiscal Deficit
      - Cinema industry
    - - Mass mobilisation
      - Work by NGOs
      - Distribution of ATM and card swipe machines
      - Awareness in public about cashless transactions and need of bank accounts
      - A certain fear in public mind about black money collection was developed
      - Change in lifestyle and payment methods of people
      - Terrorism
      - Havala racket
  - - - Corrupt Politicians #
      - Elections #
      - Many politicians went against the PM fo exercising the demonetization policy