Updated By: LatestGKGS Desk
Impact of Demonetisation on Agriculture,e-commerce,luxury goods
Demonetisation of 500 and 1000 note has both a negative and a positive impact in the economy
The positive impact of ban of 500 and 1000 note is on e-commerce, fintech, payment gateway, cards mobile wallets, online retail, e-marketplace, net and payment banks.
Debit Cards or Credit cards and mobile wallets would be promoted as well as the promotion of online buying and selling goods
Demonetisation would also promote e-commerce, e-marketplace and payment gateways as people would start doing online transactions due to lack of cash in hand.
The negative impact would be on Agriculture, luxury goods and commodities as lack of cash people would not able to buy these goods.
Demonetisation to also impact traditional retail, consumer durable and non-consumer durable goods are people would be more inclined towards e-payment and online transactions.
