I agree there wont be lavish new year celebrations this time as everyone are facing difficulties because of the demonetization. But there are many people who prefer going cashless and use their debit cards or credit cards for purchases made, hotels, booking etc. Even to get vegetables they go to malls so that they can use their card. Most people celebrate new year with friends in a different place. So if people prefer cashless then they book tickets online and use card for all expenses. Even if they celebrate in their own city, they might use cards. But among others who do not prefer card, they might not show much interest in the new year celebrations and might just keep it simple by wishing their near and dear ones.