Demonetization Impact on Agriculture Sector in India

  • R Govindasamy Assistant Professor, Department of Economics, Bharathiar University, Coimbatore, Tamil Nadu, India
Keywords: demonetisation, agriculture sector, farm management, black money, corruption, RBI

Abstract

The Indian government was demonetisation was announced Nov 8, 2016 by our honourable prime minister televised to nation. The demonetised on notes of Rs.500 and Rs.1000 notes. These two biggest demonization notes accounted for 86 per cent of the countries cash apply in economy. Demonetisation has affects each and every Indian it has hit the agriculture sector hardest. Agriculture in India accounts for the 70 per cent work forces. Farmers are backbone of Indian economy.. So farmers cannot buy seed fertilisers and other raw material for farming activities demonetisation It took take few week so solve this issues till that farmers difficult. Farmers generally deal in cash each and every activity of farm management.

Published
2017-09-30
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How to Cite
Govindasamy, R. (2017). Demonetization Impact on Agriculture Sector in India. Shanlax International Journal of Economics, 5(4), 148-151. Retrieved from http://www.shanlaxjournals.in/journals/index.php/economics/article/view/740
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