Five years down the line, Demonetization , a Landmark event of economic history of India, has attracted a wide range of viewpoints from many, including noted economists. The views expressed in the early days were mainly based on the extrapolation of various economic indicators, but now the data and results on the ground are available to give somewhat clearer results of demonetization initiative. As can be inferred from various reports, including RBI annual reports, economic surveys from government of India, and statistics from national and global agencies, after an initial short-term jerk to economic activities on expected lines, the intended long-term objectives are now being realizes, barring one or two fronts where achievement has been partial, but in now has started moving forward with somewhat desirable pace and satisfactory outcome., After five years, it has become desirable, and even possible, to analyse socio-economic impacts of this momentous step on India's economy. The present book " Demonetization and Indian Economy : 5 Years of Hiccups and Achievements" catalogues developments which can broadly be viewed as short-term and medium-term effects of demonetization of the Indian Currency during last five years.