The study looked at the stability of money demand in India from 1953 to 2007. They used different statistical methods to analyze the relationship between money demand, real GDP, and interest rates, finding a structural break in 1965. The results show that there was a decrease of about 0.33% in the demand for money around 1965, but overall, the demand for money in India remained stable, except for the period between 1975 and 1998.