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in Terrorism, Criminalization of Politics and Corruption by (51.2k points)
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What impact did demonetization have on corruption in society?

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Impact of demonetization on society : 

Following are the impacts 

1. Due to demonetization of currency by Narendra Modi, fake currency, found in different spheres of national economy, became useless. 

2. This stopped the use of black money in elections. 

3. Demonetization had negative effect on white-collars-crime and criminals and on their trade. 

4. This stopped illegal transactions of cash. 

5. This strengthened national economy. 

6. The unaccounted wealth of such persons was made useless, who encourage terrorist activities.

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