Demonitization and its Impact on Adoptation of Digital Marketing in India

Abstract

In the emerging world of technology, digital marketing changed the whole scenario of Indian market. Demonetization, a historic event for the Indian economy, impacted almost every sector including digital marketing. Digital marketing is also known as Internet marketing, web marketing, online marketing, or e-marketing. As the name states, it is the advertising of products or services over the Internet. However, it also implies marketing through the wireless media and through e-mail. Electronic Customer Relationship Management (E-CRM) systems are also categorized under digital marketing. It can be creative, also technical through its design, development, advertising & sales over the Internet. Through the demonetization digital payment changed the buying behavior of Indian society and prevents black money market. It helps the government to maintain a record of all transaction. People have no other option for transaction so Indian society move slowly from cash to digital transaction system. In this 21st century maximum of the companies are crooked with innovative ideas, opportunities & challenges inside the digital era. This study explores the advantages of adaption of digital marketing after demonetization and also government was aiming at transparent, corruption free, easy advertisement, less waste of time to reach customers, cashless transaction oriented economy. This study also focused on finding out the effectiveness of demonetization & adaptation of digitalization, satisfaction levels of people towards digitalization and challenges faced using digitalization after demonetization & digital marketing impact on the modern era of Indian market.

Constructing Engagement Method of Attracting Viewers Attention to Digital Advertisement

“…2, September 2023 The phenomenon of increasing the use of digital marketing cannot be stopped because digital and internet platform is a basic need in the recent day. Digital advertainment including internet marketing, web marketing, online marketing, e-marketing, and digital payment change customers' buying behaviour and make government easier to monitor the transaction (Patil, 2019). Internet use transaction, marketing, or trading not only fulfils economic needs but also influences the public or society's economic lifestyle or culture.…”