09 Nov

Likely Impact of Demonetisation of Banknotes of Rs. 500 and Rs. 1000

Likely Impact of Demonetisation of Banknotes of Rs. 500 and Rs. 1000:

1.Inflation would come down. As a result, the consumer will be benefited. While, producers will be adversely affected because consumption of luxury goods will decline.

2.Property rates would go down in the coming months due to inability of the consumers to cough up the money in cash. Unorganized and smaller developers will lose more.

3.Poor people would be illegally benefited as black money holder may use their account for white money.

4.Foreign tourists may be illegally benefited as black money holder may use them.
5.Economic inequality in the society will reduce.

6. Balance of payment of the country will improve because import will decline more than export.

7. Goldsmith will be benefited as gold may replace case in unofficial transition.

8. Smuggling of gold will increase.

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