‘Economics of Demonetization’  Vs  ‘Politics of Demonetization’

Hailed by some as the ‘’second surgical strike” (the first being “Uri”) Prime Minister Shri Narendra Modi’s November 8th 2016 surprise and immediate implementation of ‘Demonetization Policy has caught every Indian off guard. This Demonetization announcement may perhaps be considered as the most important decision ever taken in the economic history of independent India. This is because it is targeted against two evil forces – hoarders and accumulators of black money and corruption-which have, for too long, had undermined and impeded the growth of not only political development but more importantly economic development. It can even be argued that no Indian Prime Minister in the post-independent era have ever undertaken the fight against black money and corruption with such passion, commitment and intensity as Narendra Modi.

Hailed by some as the ‘’second surgical strike” (the first being “Uri”) Prime Minister Shri Narendra Modi’s November 8th 2016 surprise and immediate implementation of ‘Demonetization Policy has caught every Indian off guard. This Demonetization announcement may perhaps be considered as the most important decision ever taken in the economic history of independent India. This is because it is targeted against two evil forces – hoarders and accumulators of black money and corruption-which have, for too long, had undermined and impeded the growth of not only political development but more importantly economic development. It can even be argued that no Indian Prime Minister in the post-independent era have ever undertaken the fight against black money and corruption with such passion, commitment and intensity as Narendra Modi.

Read more / Original news source: http://www.thesangaiexpress.com/economics-of-demonetization-vs-politics-of-demonetization/