Introduction

On 8 November 2016, the Government of India announced the demonetisation of all Rs500 and Rs1000 bank notes.The aim of this project was to irradicate the illicit counterfeit cash which was being used to fund terrorism and crack down on the shadow black economy.

This sudden announcement created a lot of mayhem .The government put a limit on the amount of money that could be deposited and withdrawn from banks all this resulted in long queues in banks and ATMS.Since cash was restricted people started using debit cards/credit cards more .In this analysis I want to analyse the trends on the search key words demonetisation,ATM,debit card,convert black money,bitcoin.

Setup

Lets load all libraries required

library(gtrendsR)
library(dplyr)
## 
## Attaching package: 'dplyr'
## The following objects are masked from 'package:stats':
## 
##     filter, lag
## The following objects are masked from 'package:base':
## 
##     intersect, setdiff, setequal, union
library(reshape2)
library(ggplot2)

library(sp)
library(RColorBrewer)