Advertisement

Demonetisation may backfire for Modi

More than a month after demonetization, the Indian economy continues to suffer from a cash crunch. Most ATMs remain cashless, the government appears clueless in helping people, while banks are overwhelmed by never-ending queues. Many people are asking whether the government even knew how to distinguish between the so-called black money and people simply holding legitimate cash before embarking on its disruptive step of invalidating Rs 500 and Rs 1,000 notes. Now the question is for how long this uncertainty will last? Prominent public figures are quick to highlight that demonetization was an in ill-conceived idea badly implemented.

Around The World

Our Publications

Advertisement