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Impact of Demonitization and its effects on Defence

Impact of Demonetisation(De-Mon) in the Defence Sector


If there was one event that attracted attention it was the big announcement of November 8th 2016, viz, Demonetisation. It assumed centre-stage as year 2016 came to close after the announcement of phasing out of existing denominations of INR 500 and 1000. This was a rude shock to many delivered in a gentle manner through an announcement that was to bring about a revolutionary change in terms of curbing black money and regaining a control over the economy in a very subtle manner.

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