Demonetization Impact on Governmnet, Digital Transactions, Real Estate Sector and Employment in India-Post One Year Study

Demonetization had been the single event held on 8 November 2016 which shook the entire nation like never before and changed the Indian economy in multiple ways. One year has passed by since then and Indian economy has seen many changes. Government of India has taken digitization of various processes in a big way and efforts are on to add AADHAR number to all services like bank accounts, subsidies, mobile, utility connections and so on. Real Estate Sector was the worst hit sector by demonetization. While there are various arguments and counter arguments about the benefits or loss of demonetization and similarly of digitization, this paper is an attempt to study impact of demonetization on digital transactions and on real estate sector in India through quantified data provided by various government and statistical agencies and leading think tanks on Indian economy.