International Research journal of Management Science and Technology
ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST
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DEMONETIZATION: TRANSFORMING INDIA INTO A CASHLESS ECONOMY
1 Author(s): DR. KISHOR KUMAR
Vol - 8, Issue- 4 , Page(s) : 204 - 214 (2017 ) DOI : https://doi.org/10.32804/IRJMST
The choice to transform the country into a "cashless" economy, in which cash transactions account for 90 percent of all transactions, may appear risky, but it is vital. Demonetization has an effect on online purchases, according to the findings of the research. In the study, there is also a problem that is highlighted. When the economy experiences this big transition, what is the impact on online transactions? Demonetization is the process through which a currency loses its legal tender status. The old currency is destroyed and replaced with new currency.