Impact of demonetization on the Indian Rupee

Let’s see what it means for you.
  • Demonetization consequence.
  • Find out who is more interested?
  • How curious are people with related keywords.

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Our Honourable Prime Minister Narendra Modi, had announced on 8th Nov’ that all Rupee 500 and 1000 currency were stripped of their status as legal tender, as a strike against ‘black money’.

Their demonetization has been both praised and criticized in the international media—and the people of India themselves are equally split.

The reports discussed below give answers to the mixed responses on the Google search engine. Let’s see what it means for you.

Demonetization consequence:

Since 8th Nov, users became more active searching for ‘Demonetization’ so as to understand the impact on their finances, and also to learn from past history and its impact on economy.

The graph has been rising steeply since the last two weeks. Even after the term reached its peak on 18th Nov’ 2016, the trend continued to be the hot-topic of discussion till the end of the week.

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Trending Searches: Demonetization searches since after Nov’ 8

Who is more interested?

It’s astonishing to identify that the term ‘demonetization’ had been explored mainly by the sparsely populated states in India. The report given below gives us a clear insight that Meghalaya, Goa and Manipur are ranked higher, followed by Nagaland & Karnataka.

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Competitively, Haryana which is very close to Karnataka tops the chart on the sixth position. Arunachal Pradesh, Jharkhand, Pondicherry & Sikkim follow closely. The surprise element is that bigger states like Maharashtra were recorded at the twelfth position, while the highly populated state of Uttar Pradesh was at the twenty-fifth position.

What is getting searched?

There is no question that people in India were eagerly tracing the definitions of ‘demonetization’. Related terms like ‘Demonetization meaning’ & ‘Demonetization news’ were also the important keywords searched during the last 30 days.

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Trending Searches: Top 10 keywords related to ‘demonetization’

The trending term was investigated far and wide with other searched keywords like ‘news on demonetization’, ‘meaning of demonetization’ & ‘demonetization in Hindi’.

It’s imperative to understand that the digital world remains very sensitive to queries affecting daily life. Citizens have been very responsive to the use of the internet. Digital Media has become a tool for them to stay up-to-date with every aspect affecting their financial conditions.

 

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