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The decision of Indian Government to demonetize ₹500 and ₹1000 notes? Is Right or wrong?
What are the arguments against demonetization?
Some critics of demonetization argue that it had a negative impact on the economy, particularly on the informal sector and small businesses. They claim that the sudden withdrawal of high-value notes caused a cash shortage and led to job losses and decreased consumption. Moreover, there have been reports of people facing hardships, especially those who don't have access to banking services or digital payment methods. Some experts also question the effectiveness of demonetization in achieving its stated objectives, and suggest that it could have been implemented better with more preparation and planning.