“…All the small and medium-size businesses affected, and the common man and poor people suffered immense complicity in adjusting to using digital technology. As the primary purpose of demonetization was to eradicate black money, counterfeit currency, and terrorist funding (Chandrasekhar & Ghosh, 2018;Chodorow-Reich, Gopinath, Mishra, & Narayanan, 2020;Kumar, 2017;Mahajan & Singla, 2017;Mukherjee, 2019;Sivathanu, 2019;Thakur & Srivastava, 2013), studied the impact of demonetization in the Indian economy. (Ghosh, 2016;Kumar, 2017;Mahajan & Singla, 2017;Thakur & Srivastava, 2013), found that the purpose of demonetization is not served as the cashless society was a bit troublesome to the general public.…”