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Abstract

There is a famous quote saying, “when going get tough, the tough get going". People of India would have been in such situation when formal withdrawal of currency was announced by our Prime Minister. People were chaotic, critic and what not abusive. The opposing parties found their good luck charm in saving the lost vote bank. Financial experts were worried and advised for withdrawal of their investments. Amidst all these, industrialists faced critical cash crunch and that reflected in their volume of business transactions. This research paper is an attempt like "One grain suffices to test a whole pot of boiled rice". This research paper explore the Indian Merchandise Trade performance before and after demonetization taking a comparison for the financial years 2015-16 and 2016-17 and prove the concrete evidence whether it really had an impact on the economy. 

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