Demonetisation, Digitisation and Financial Inclusion. Skip to main content

Demonetisation, Digitisation and Financial Inclusion.

The biggest decision by the Indian Prime Minister Mr. Narendra Modi on the evening of 8th November, 2016 with the surgical strike on black money by ceasing the currency of 500 & 1000 rupee notes from 9th November, 2016. The main objective behind the Demonetization is to eliminate fake currency, disrupting terror and criminal activities, and inflicting losses on those with black money. After Demonetization, new objectives like turning India into a cashless economy and enabling growth in bank credit were tracked.

There are few adverse impacts of demonetization. The first one is the impact on rural poor will be less since the rural economy is significantly credit driven, Next one is cash savings as predictors of impact on the poor, based on the national surveys cash earnings of the poor are small and usually lack cash savings. Demonetization is not new to Indian economy. Indian has gone through this phase of demonetization twice earlier, in the year 1946 pre-independence period and in 1978 by then ruling Janata Party.

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Demonetisation, Digitisation and Financial Inclusion book edited by Dr. Pawan Kumar Sharma, Dr. Poonam Gupta and Anil Kumar with Farhan Masood Quddusi as a contributing author focus on the cause and effect of post Demonetisation in India by current Prime Minister of India Mr. Narendra Modi.

The book also focus on the Digitisation part which escalated quickly post Demonetisation in India. Online payments, Digital transaction in India grow rapidly post demonetisation decision. Flow of  POS machines in the Indian Market and digi-payments is a proof in itself.

These finacial inclusions created a new norm for the Indian Society in contemporary India which is capable of transition of any type.


Giving all the details about the book at this early stage would be inappropriate. Readers can buy this book via online and offline modes and explore different facets of this book themselves.

The book is edited by respected Dr. Pawan Kumar Sharma who is the current Principal of Dyal Singh Evening College, Lodhi Road and served the college with great dedication in its overall development. He is always an inspiration for me and for the students of DSEC.

Along with Dr. Pawan Kumar Sharma, Dr. Poonam Gupta has also given great contribution in the making of this wonderful book on contemporary financial inclusion in India. She is one of the most senior lecturer of Dyal Singh Evening College and served students and college with fullest dedication.

I have also dedicated an important part in the book along with my respected Co-Authors Ms Parvinder Kaur Gill and Mrs. Hina Kausar. I along with my co authors will enlighten our readers on sector wise impact of Demonetisation in India and how Demonetization impacted countries around the globe. My contributed text also cover the history of Demonetization in India itself.

The book will be launched soon and available in the online and offline market.

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