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Before demonetisation (November 2016), there were banknotes worth ₹17.97 trillion in the market. The demonetised banknotes constituted 86.4% of it. [67] The banknotes in circulation had reached to the level before demonetisation in March 2018. [86] By March 2018, there were banknotes worth ₹18.03 trillion in the market; an increase of 9.9%.
In January 2020 itself, well before India's lockdown or reactions to the pandemic, the International Monetary Fund reduced India's GDP estimates for 2019 and also reduced the 2020 GDP forecast. [190] The 2016 Indian banknote demonetisation and goods and services tax enactment in 2017 led to severe back to back disruptions in the economy. [190]
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Obverse of the ₹ 2000 banknote between October 2016 – November 2023. It was released by the Reserve Bank of India (RBI) on 8 November 2016 after the demonetisation of ₹500 and ₹1000 banknotes and has been in circulation since 10 November 2016. [2] It is a part of the Mahatma Gandhi New Series of banknotes with a completely new design.
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Pages in category "Banknotes of India" ... This list may not reflect recent changes. 0–9. 2016 Indian banknote demonetisation; B. ... Statistics; Cookie statement ...
As part of the 2016 Indian banknote demonetisation, India introduced a new 2,000-rupee currency note. Following this, multiple fake news reports about "spying technology" added in the banknotes went viral on WhatsApp [75] and had to be dismissed by the government. [76] [better source needed]
2020; 2021; Subcategories. ... Pages in category "2016 in Indian economy" ... 2016 Indian banknote demonetisation; 2016 Railway budget of India;