Question

analysis and critique of demonetization in india (give 3 citation for demonetization)

conclusion of demonetization

summary of demonetization

Answer 1

Explanation:

• Demonetization in India was decision taken by their Prime Minister, which took whole nation by surprise. The decision was taken to curb the black money prevailing in Indian money market. The currency note of INR 500 and 1000 was banned from 8^th November, 2016. The decision hit the money launder and big black money holder who had this bug currency notes. - CACLUBINDIA

Many experts thought that this step did not worked as much it expected, there were many potholes in this decision taken to curb the black money. The black money holders got through conversion of black money into white and deposited those money in different account holders and made their ways escaping this decision of demonetization. In reality the middle class and working class had to suffer because of this decision and had to suffer in long bank queues to convert their hard earned money. Local innocent people faced many problem because of inefficient ATM’s and long waiting lines in bank for the conversion of currency. At much extent Prime Minister achieved to curb the black money but not at level he expected. –Economic Times

• Overall this decision of demonetization has took toll on middle class people more than the black money holders. People welcomed this decision but expected more easy way to conversion and premeasured steps that not cause problem to innocent problem and punishes black money holders.