Question

advantages and disadvantages of demonization in india​

Answer 1

Answer:

☆One of the most important benefits of demonetisation has been the sharp increase in the country's tax base. The government's estimate is that thanks to demonetisation, India's net personal income tax revenue could double over the next couple of years.

☆Disadvantage is that destruction of old currency units and printing of new currency units involve costs which has to be borne by the government and if the costs are higher than benefits then there is no use of demonetisation.

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