[newyankee]

An interesting tidbit about demonetization not well known is that GoI got 115% cash back, so literally 15% of the cash in the market was fake. It is not publicized officially but well known in inner circles. The problem of cash based businesses not paying taxes (especially real estate) was serious. It is true that the impact was much higher on the common man, but then at least i believe the intention was clear. Very few leaders before had the ability to take such decisions overnight. Economy is really impacted due to NPAs and i can safely argue that misspent stimulus during 2008 have much more to do with it, combined with the fact that the infrastructure development will take time to show results. You have to give credit to Modi for Jan Dhan Yojana, building toilets, accelerating expenditure on solar energy, roads and most importantly the ignored sector of Indian railways. I still feel your comment is the rare balanced comment i will see here.