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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH
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ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15

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Volume 9 | Issue 3

Impact factor: 8.15

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Paper Title: A study on the impact of “India- Demonetization 2016”on the educated working class of Kerala–A survey among the faculty members of the St. Xavier’s College for women, Aluva, Kerala, India.
Authors Name: Tina Blossom Francis
Unique Id: IJSDR1704019
Published In: Volume 2 Issue 4, April-2017
Abstract: Government of every country focuses on long term prosperity and this can be attained only by wiping out the major evils of the society like corruption, black money and terrorism. And, Demonetisation , 2016 rightly addresses this. The scheme has dealt a lethal blow to the parallel economy that casted its ugly shadow on the nations economy for long. Demonetization calls for a cashless , digitized India. The government asked the people to go cashless by adopting and adapting to the digital mode of financial transactions. The study focuses on understanding the opinion of the common educated man, who are meant to enact the whole process of transformation of India into a Digitized Economy and how they take this initiative of demonetization. On an average of 46% of respondents feel that demonetization will wipe out the major evils of the society. While 30% were neutral. They were sure that demonetization would address corruption more than black money. The respondents opined that demonetization affected the agriculture sector most when compared to Manufacturing and Service sector. They also say that the Lower Income Class were the most negatively impacted class of all. Respondents opined that at the onset of demonetization being declared, they resorted to Banks (82%) while some resorted to Post Offices (10%) for getting their invalid currencies exchanged. Majority felt that the process was more time consuming rather than sensing it as difficult . Inspite of the sample being, the well educated class of the economy ie. Academicians, the majority of 58%, were unaware of the recent modes like Adhar Enabled Payments, Unified Payment Interface, USSD etc, introduced to enable ease of going cashless. So the plight of the common man can be imagined. The respondents were neutral regarding whether Demonetization will reduce GDP. Whereas a majority of 56% agreed that Demonetisation will end up in Digitized India even though 34% were neutral. The educated class of the State of Kerala feels that demonetization would be good, if it were to eradicate the evils of corruption, black money and terrorism. The study points out that majority is into equipping with cashless modes like Plastic Money, even though not the latest ones like E wallets and Mobile Banking, but a minority among this educated class is yet to adapt to the need of the hour .ie. going cashless. The move of the government, was opined ,as an initiative that was not well planned.
Keywords: Demonetization, Government, Digitized Economy, Cashless Economy
Cite Article: "A study on the impact of “India- Demonetization 2016”on the educated working class of Kerala–A survey among the faculty members of the St. Xavier’s College for women, Aluva, Kerala, India.", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.2, Issue 4, page no.109 - 115, April-2017, Available :http://www.ijsdr.org/papers/IJSDR1704019.pdf
Downloads: 000336256
Publication Details: Published Paper ID: IJSDR1704019
Registration ID:170169
Published In: Volume 2 Issue 4, April-2017
DOI (Digital Object Identifier):
Page No: 109 - 115
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631

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