ABSTRACT
The economic development and growth of every nation significantly depend upon its foreign trade. It is crucial for India too. Foreign trade of any nation is not consistent forever. It may vary from time to time. The adoption of any new policy reflects on the foreign trade and foreign exchange rate of the nation. The demonetization policy taken by the government of India on 8th November 2016 brought about a drastic change in the Indian economy. Demonetization refers to the withdrawal of currency from circulation. This was taken by the government for the betterment of the economy and the country. However, the policy made an immense change in the foreign trade of India. India is considered as one of the fastest emerging economies today. So any slight variation can have a huge impact on every sector in the economy. International trade has a direct relation to the development of every nation and foreign trade is an unavoidable sector for India for its growth and development. So this paper attempts to throw a light on the impact of demonetization on foreign trade in India.
Keywords: Demonetization, Foreign trade, Export, Foreign exchange rate, Foreign direct investment.
Received : 0th May 2019
Accepted : 15th May 2019
Published : 25th June 2019
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