Narrow house

Demonetization was like burning down an entire house to scare a mouse

The demon of demonetization still haunts ordinary citizens (five years later, it is even clearer that demonetization has been a disaster for India). Cash deposits in the bank have been used by the government to make huge additions to contributions under the Income Tax Act. Excellent article. – Manmohan Dundu

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I fully agree with all the views of this article (demonetization caused unnecessary suffering to Indians. Modi must accept moral responsibility for it). I further believe that such an irrational decision not only caused hardship for ordinary citizens, but also wasted manpower and resources for both government and the general public. Ordinary people had to queue in long lines to get the new banknotes. Demonetization is a classic example of burning an entire house to scare a mouse. – Dinesh Gulati

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Demonetization was the best thing that could have happened (From Diamond to Dust: Five Years After Demonetization in India). This decision marked the beginning of the end of black money, corruption, bribes, illegal activities and wealthy Lutyen. Only anti-nationals like Scroll. In may not like it. Since demonetization, there does not appear to be a shortage of money in India. Life seems very normal and business as usual even after demonetization. Cash transactions (the root cause of corruption) have declined considerably. Even beggars are accepting Google Pay now. I can see that all stores and establishments are thriving with payment apps. Please do not spread false propaganda. I wish Modi had five more years to eliminate corruption, Congress and the Communists and their supporters. – Venkateswaran Thiruvaiyaru

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The widespread social and economic goodness of India’s informal economy has always been underestimated compared to the narrow and meager social reach of the formal economy (From Diamond to Dust: Five Years After Demonetization in India) . The government of the Bharatiya Janata party has never forgiven the informal sector for the grave injustices of demonetization, the tax on goods and services and migration induced by confinement. Modi is solely responsible for not anticipating the economic woes of the poor. – Yudhvir Singh Chaudhary

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This is a wonderful article written without bias or prejudice (From Diamond to Dust: Five Years After Demonetization in India). It is very painful to read the stories of people who suffered from the sudden demonetization and implementation of the GST. I remember that a senior in my company mentioned to me that he had waited for days and hours to get his banknote exchanged. This had an impact on his health from which he could never recover. Thank you for this touching article. – Nirmala Shetty


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