Abstract
On the 8 November 2016, the Government of India effectively demonetized banknotes representing the nation’s two largest and most commonly used denominations: Rs. 500 and Rs. 1000. The abrupt nature of the move and the shortage of cash that followed the announcement invited a lot of polarizing opinions from the public. Social media platforms—which have now become an integral part of daily life, saw an unprecedented inflow of opinions, thereby becoming important repositories of people’s views on demonetization. In this paper, an attempt has been made to understand public consensus on demonetization by utilizing data from one such social media platform—Twitter—and performing a sentimental analysis of the tweets. To this end, the R language was employed in combination with the Twitter Web API. A dictionary-based approach was taken towards classifying tweets as either positive, negative, or neutral.
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Missula, R.D., Uppuluru, S.N.R., Rodda, S. (2018). A Sentimental Insight into the 2016 Indian Banknote Demonetization. In: Bhateja, V., Nguyen, B., Nguyen, N., Satapathy, S., Le, DN. (eds) Information Systems Design and Intelligent Applications. Advances in Intelligent Systems and Computing, vol 672. Springer, Singapore. https://doi.org/10.1007/978-981-10-7512-4_95
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DOI: https://doi.org/10.1007/978-981-10-7512-4_95
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