ABSTRACT
India being a developing country with a population of more than 1.25 billion has taken a risk, which no developed country would dare. The path of development not only rests with the implementation of government flagship programmes, but also the level of corruption. The reason for demonetisation in India was not only to weed out Black money but also to control terrorism (internal and external), and to become a digitalised economy. Though the government has taken a bold initiative, it has to be watched how it is going to come in terms with an alternative development plan. An increase in tax base and increase in GDP of the country has just not happened. The chapter tries to analyse and assess the flaws in implementation of demonetisation and thereby affecting the regional development and regional economies.
