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Declaration of 86 percent of currency notes as illegal tender in just a blink of time on eve of 8th November 2016 mandated the creation of immediate interruption in daily lives. The chaos was created in every strata of the society whether upper, middle or lower. Where some welcomed the move as it was seen for curbing black money, many are suffering by this movement. But the supreme sufferers of this move were the informal sector of Indian economy, where cashless transactions are minimal. Informal sectors of Indian Economy includes 106 activities like agriculture, workers in construction, local transport, community services and small workshops like shoe makes and garment makers(International Conference of Labour Statistics (2003), rural populations and the urban poor and middle class. This paper aimed at reviewing the general implications of demonetization on general public.

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Aravindh Matheswaran.L, Pravin Kumar.D, & Vinoth Kumar N.L. (2017). An empirical study on effect of demonetization among the respondents with special reference to erode and coimbatore district. International Journal of Intellectual Advancements and Research in Engineering Computations, 5(2), 2182–2186. Retrieved from