India's Demonetization - Changing payment culture and widened tax net provides the government with room for maneuver

Market: General Business

India, 17 pages report, published by GlobalData

Report ThumbnailSeptember-2017
India's Demonetization - Changing payment culture and widened tax net provides the government with room for maneuver

Summary

In an effort to crack down on the shadow economy and reduce the usage of counterfeit cash, the Indian government in November 2016 ordered the demonetization of all 500INR and 1,000INR notes. The shock announcement caused a serious disruption to the Indian economy with many analysts claiming its long term benefits do not justify the short term losses incurred.

Key Highli

Read More
  • List of Figures
  • Figure 1: Huge queues emerged outside banks following surprise announcement 7
  • Figure 2: Location of private sector banks in India, %, 2016 9
  • Figure 3: Percentage GDP growth rate of India, 2013-2017/18 10
  • Figure 4: Uttar Pradesh Legislative Assembly election results, by district, 2017 11
Read More
  • Table of Contents
  • Overview 2
  • Catalyst 2
  • Summary 2
  • Culture of corruption pushes authorities to take action 5
  • India ranks amongst most corrupt countries in the world 5
  • Public disapproval of rampant corruption led government towards demonetization 5
  • Demonetization policies introduced in November 2016 with huge consequences 7
  • 86% of circulating currency disappeared as a consequence of demonetization 7
  • Demonetization unable to meet stated target as 99% of notes return 8
  • Indian economy decelerates pos
Read More

Please select a license type

Share

Related Products

GlobalDataIndia's Demonetization - Changing payment culture and widened tax net provides the government with room for maneuverProduct ThumbnailIndia's Demonetization - Changing payment culture and widened tax net provides the government with room for maneuver, Industry ReportProduct #: 900374
GlobalData
TeleResearch
Global Markets Direct
GBI Research
MarketsandMarkets
MicroMarketMonitor
PayPal Acceptance Mark
SSL Certificate
Copyright © 2018 Global Market Analyst. All Rights Reserved