Demonetization Decision: A Review of Unprecedented Orderliness of 8/11

Abstract

Modi's Demonetization is a short term pain for long term gain, the 8/11 master stroke or surgical strike on black money is a change in the Indian Economy. Bigger/higher denomination notes are the root cause for black money in the country and are predominantly used either by tax evaders or worse by financers or illegal operations such as drug trading and terrorist activities. Though there may be initial discomfort and inconvenience this is not the end, this is not a full stop, but a war against black money: agony, ecstasy and the queues. It is an innovative thought and the Prime Minister seems eager to ensure that it gets implemented the right way and this decision will change the way the next generation sees the system, this change is going to be historical (His Story). Thus, this paper brings a review of demonetization decision and highlight that this decision will have a positive long-term impact on the economy.