One year of Demonetization..... Let's analyze
On the same day that Donald Trump was elected as the president of the United States, India also received an unexpected, earth-shattering announcement: Demonetization. At 10 pm on November 8, India's Prime Minister Narendra Modi announced that on the stroke of midnight all 500 and 1,000 rupee notes -- 86 per cent of the currency in circulation -- would cease to become legal tender. Up to that point, upwards of 95 per cent of all transactions in India were conducted in cash and 90 per cent of vendors didn't have the means to accept anything . On top of this, 85 per cent of workers were paid exclusively in cash and almost half of the population didn't even have bank accounts. Reasons for bringing demonetization, according to PM Modi: To include digitization and boosting the number of tax payers To fight corruption To fight counterfeiting To remove black money Impact of Demonetization: Large companies and bankers, employees and customers, as...