Demonetization move in India: a conceptual study
Journal of Money Laundering Control
ISSN: 1368-5201
Article publication date: 17 April 2020
Issue publication date: 11 December 2020
Abstract
Purpose
The purpose of this paper is to explore the real causes of demonetization drive and the future path created by the drive.
Design/methodology/approach
The study started with a conceptual understanding of the demonetization drive in India and ended with a future impact analysis. For exploring the concept, the authors reviewed various articles, government and corporate reports as well as studies published in newspaper and available online.
Findings
The study revealed that demonetization is a success in terms of cashless path created to eradicate corruption but a failure in terms of disruption caused in the economy. Thus, appropriate measures could be taken by government to make this daunting step successful in the long run.
Research limitations/implications
The study is limited only to demonetization concept based on secondary data. Future work may be done keeping in view more empirical data to know the effectiveness of the demonetization drive along with other parameters.
Originality/value
To the best of researchers’ knowledge, no study tried to uncover the strong reasons behind the demonetization move. The study extends the literature by exploring the real causes and impacts of the demonetization drive through a conceptual lens.
Keywords
Acknowledgements
Present study focused on demonetization impacts, causes and effects with respect to Indian economy but there are many challenges to be dealt in future. In future researchers may unearth, the history of demonetization using various scientific methods. The researchers may take studies to determine the success of cashless path created post demonetization using ISM technique to identify the critical factors influencing e-payment gateway system. Hence empirical testing is required in future using new constructs to determine the effectiveness of demonetization drive.
Citation
Jain, D., Thakur, K.S. and Dash, M.K. (2020), "Demonetization move in India: a conceptual study", Journal of Money Laundering Control, Vol. 23 No. 4, pp. 863-869. https://doi.org/10.1108/JMLC-12-2019-0100
Publisher
:Emerald Publishing Limited
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