<h1>Two Years After Demonetisation: Government's Push for Economic Formalization and Growth in Digital Transactions and Tax Base.</h1> Two years post-demonetisation, the government highlights its efforts to formalize the economy by targeting black money, enhancing financial inclusion, and increasing the tax base. Demonetisation compelled cash holders to deposit money into banks, improving lending capacity and integrating funds into the formal economy. The move spurred digital transactions, with significant growth in UPI and RUPAY usage. Direct and indirect tax collections increased, with a notable rise in tax returns filed. The GST implementation further expanded the taxpayer base, boosting indirect tax growth. These measures have facilitated infrastructure development, social welfare, and economic formalization, improving citizens' quality of life.