The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
BusinessTrending

What economy says after three years of demonetization ?

by Tejas Mundhada November 8, 2019
written by Tejas Mundhada November 8, 2019
What economy says after three years of demonetization ?

It has been three years to the most disturbing decision for the economy in India done by the Modi Government. Three years of unstable economy, three years of Demonetization,which was announced on the night of November 8 in year 2016 when 86 percent of the currency was declared to be invalid. The currency notes of rupees 1,000 and 500 were no longer of use, within the few days declaration. Prime Minister Narendra Modi said it was a decision taken to tackle the black money and counter the terror funding done at as an inside job in Kashmir.

Many citizens considered it as a negative step taken by the government and had left a negative impact on the Indian economy. Many businessmen had faced troubles and now people were actually thinking twice before spending a lot on the secondary goods. It is noted that only 28 per cent of people are in support with the demonetization act, according to an online survey. People besides these supporters have blamed the government for the economic slowdown of the country.

The Indian economy was almost getting recovered in the period of 2017-18 but again saw a downfall and since then the GDP growth has continually declining for almost five consecutive quarters. India’s GDP has now decreased from 8.8% which was in before demonetization, to 5% in the year 2019. It is also being said that since the Modi government has come into the power the GDP growth has declined by 3.19 %.

0 comment
FacebookTwitterLinkedin
Tejas Mundhada

previous post
Indian cricket team and Bangladesh team arrives at Dr. Babasaheb Ambedkar International Airport
next post
VIA holds presentation on “New Package Scheme of Incentives (PSI) 2019”

You may also like

Rahul Narvekar is new Mah Assembly Speaker

July 3, 2022

Butibori Manufacturers Association to observe no-honking day on...

July 2, 2022

VIA to organise “Plant Based Foods Export” Workshop...

July 2, 2022

India logs 17,070 new COVID cases in last...

July 1, 2022

Withdrawal of GST exemption on Room Tariff will...

June 30, 2022

VIA-LEW organized program on Recent changes in Income...

June 30, 2022

Seminar on amendments in GST and compliances in...

June 30, 2022

Rise in COVID cases, India reports 18,819 positive...

June 30, 2022

First batch of pilgrims leaves for Amarnath Yatra

June 30, 2022

GST new rates, check list of items, services...

June 30, 2022

Trending News

  • Rahul Narvekar is new Mah Assembly Speaker

    July 3, 2022
  • India logs 17,070 new COVID cases in last 24 hours

    July 1, 2022
  • Rise in COVID cases, India reports 18,819 positive in last 24 hours

    June 30, 2022
  • First batch of pilgrims leaves for Amarnath Yatra

    June 30, 2022
  • India bans single use plastic, to be in effects from July, check list of ban items

    June 28, 2022

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

November 2019
M T W T F S S
« Oct   Dec »
 123
45678910
11121314151617
18192021222324
252627282930  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us
  • Work with us
  • Contact Us

© 2020 - The Live Nagpur . All Rights Reserved.