Demonetization - the QUANTUM JUMP

Demonetization in India was a hot subject across the world since 8th November 2016, inviting global attention. It was a unique bold experiment while India was highlighted as the fastest growing economy. The all-encompassing move touched the entire 1.3 billion population to their core. Wide protests and discussions were followed even by Nobel laureates. International attention amassed on grass root ground realities perceived in India. While the Demonetization effect was on, India implemented an integrated GST regime also. Though the initial propagated target was defacing of fake currency and unearthing of black money, the country moves far towards a cashless digital economy. The digitization moves in a heavily populated underdeveloped, that too with practical democratic environment warrant greater attention. For the 1.3 billion democratic India, somewhere having perceptions of the country of bullock carts, snake charmers, elephants, and corrupt politicians, the Demonetization definitely turned a quantum jump to the digital future of tomorrow's world. Dr. Raam with Aiswarya Ram while discussing the above topics in the book Demonetization -the QUANTUM JUMP, highlights the currency evolution, black money, real estate, tax evasion, absence of support and drawbacks in the book. The book lists a few keys required in a demonetized cashless economy, some light moments, little circumstantial interesting stories.