This is a once in a lifetime event. It is very rare to remove 86% of the currency in circulation in one go. The logistics of such an operation are mammoth.
One of the demonetization benefits, in some markets like used cars, is that organized, transparent businesses are gaining at the cost of unorganized players.
I am very confident about the Modi government.
I believe gold and silver coin to be the money of the Constitution. No power was conferred on Congress to declare that either metal should not be money. Congress has therefore no power to demontize silver any more than to demonitize gold.
WhatsApp is both disrupting and demonetizing the entire wireless industry, and now the Facebook acquisition provides the infrastructure needed for WhatsApp to begin offering voice calls. So instead of people paying on average $80 per month, users only have to pay $0.99 per year for the same services. Wireless carriers, beware.
We know well enough that if we repeal this law and give nothing for it, the people of this country will regard it as a total demonetization of silver, which it will be, so far as this Congress is concerned, without any question.
If I were to put labels on demonetization, it would be transparency and traceability.
People are with our Prime Minister, Mr. Narendra Modi, with regard to the surgical strike on black money. They are not with the opposition parties.
I can see a distinct anti-Modi and anti-NDA wave across the country.
Demonetization crippled SMEs and has destroyed the unorganised sector, forcing workers to leave urban employment and go back to their villages looking for MNREGA work.
