AshutoshJoshi06 profile image 90

Has PM Modi misread the Indian black money economy and in turn penalised the citizens?


With almost 12.5 Trillion Rupees out of the total 14.5 Trillion demonitised currency already deposited back into the banking system by 10th Dec 2016, it wouldn't be wrong to say that most of demonitised currency is already back in the system. Hence we are observing more stricter deposit regulations to prevent further inflow of cash. Clearly seems Modinomics has failed which leaves the question, where's the darn black money???

 

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Tamara Wilhite (tamarawilhite) says

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11 months ago
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  • AshutoshJoshi06 profile image

    Ashutosh Joshi (AshutoshJoshi06) 11 months ago

    Feels bad to see the initiative collapse, both rural & urban economy have been hit hard. Not much impact on parallel economy though as they evolved through this phase. In fact rampant corruption observed across the banking sector for the first ti