Question

How has the demonization helped india?

Answer 1

o far, it can be said that this is a historical step and should be supported by all. One should look at the bigger picture which will definitely fetch results in the long term.  This is what the people have been asking for a long time which has finally happened. demonetisation means removal of existing and currency and replacing it with new ones. Demonetization is an established practice in monetary policy to tackle black money. The Prime Minister has explained why this is a financial surgical strike. It was meant to be suddenly implemented. In the past, demonetization has taken place twice but it fails because the idea is to tackle the black money existing in circulation. This is not tackle corruption per se or the Government is not saying that 100% corruption will be tackled. If announcement and time would have been given, this step might not have been successful in controlling black money and counterfeit currency in circulation coming from Pakistan, Nepal or other countries.