Demonetisation: Pain in vain?
With the RBI's recent revelation, the government must confess the true reason behind demonetisation and accept the blame for affecting hundreds of lives .
November 8, 2016, changed the Indian economy forever. The note ban unleashed the carnage of the country's growth that had been upbeat for the last many years. Many of us questioned the need for such a radical move. Tempers flared up, the administration was cursed, tears were shed, counter theories were offered, and lives were lost as many hopes and dreams were crushed.
But to it all, we were told to wait and watch. Our Prime Minister Narendra Modi pledged that in 50 days, the temporary cloud of doom and gloom would pass and our lives would be filled with joy and bounty. This was yet another means to an end; the end being the hallowed 'acche din'. Later that month, a teary-eyed PM pledged to forge ahead with such tough measures even if he was burnt alive. Ten months later, the economy is still reeling under the impact of demonetisation.