What is Remonetization, when is the Remonitization will came into action, Impact of Remonitization on our Indian economy, all these pillars factors of our country currency affairs are now in latest trend and in every financial speaking tounge. Here I represents a analysis on the upcoming Remonetization as well as the Demonetization, its impact on India’s GDP(Gross Domestic Product), impact on Indian economy and finally the end of the scheme the introduction of Remonetization.
What is Remonetization
What is Remonetization. Remonetization simply understandable by the term which is well known and now a days ruling everyone’s mind and money, yes the demonetization, Remonetization is simply reverse of what has been done under Demonetization, the distress of people’s currency remedy is what Remonetization means.In simple terms the squeezed money and money limits from bank and ATMs will came up to an end and the currency exchange will come to a normal scenario. According to the latest news the cash squeezed by the government will be limited by April 2017 only(Remonetization impact).As far as the economical analysis and researches are concerned, the impact of Demonetization for our economy has not been very appreciable as 25% of currency generated by RBI, get burnt or destroyed and thus didn’t came back to the reserve bank of India, thus is a complete loss of money, time and also our currency.Demonetization not only left its impact on RBI and currency loss but shows a impact on GDP, the Growth rate of GDP is seems to be slowed down by 0.25% to 0.5%, which is a said to be long term beneficial clause of the demonetization scheme.
Impact of Remonetization
Impact of Remonetization. Returning of country’s economy to normal level shall be the assuming impact of Remonetization, as the effect of Demonetization in GDP is adverse it slows down the GDP, by affecting and making it difficult for farmers and unofficial business makers who contributes in GDP by restriction their access over the currency.Now the question is will remonetization will take our country forward without further reforms in the financial sector?The answer to this question will become clear after March 2017 onwards…