The public was told that taking a sudden decision will work, the black money hoarders will be cautious due to the beating and hence the demonetisation is suddenly implemented. The public was also told that this decision is secret, in which the Prime Minister and Governor of the country have taken it together and apart from these two, no third has been told. At this time, the Attorney General of India, Mukul Rohatgi, justified the decision taken by the government and defended the demonetisation in the Supreme Court, he said that the government used these steps in promoting terrorism against India in the North East and Kashmir. This is a step to eliminate the four lakh to five lakh crore rupees.
Five days after demonetisation, the immediate Prime Minister of India, Narendra Modi from Goa, says in his speech, "Brothers and sisters, I only ask for fifty days time from you. Give me a chance by December 30, my brothers and sisters, if there is a shortfall after December 30 Remain, if someone makes my mistake, and if I get my wrong intention, then you will stand on the crossroads of India, and I will accept the punishment you give me ".
The demonetization decision implemented in the country has received criticism from all around. Those who have knowledge of economics described this decision as a great economic loss for the country, yet the Modi government did not feel ashamed to implement it. Former Prime Minister and Economist of India Dr. Manmohan Singh addressed demonetisation in Parliament House of India on November 7, 2017, as an Organized Loot (Organized Loot) and Ligalised Plunder (Legal robbery).
According to the Central Board of Directors, demonetisation will not have any tangible effect on the black money of the country, but will have a negative impact on the country's economic growth. The question asked under the Right to Information Act has revealed that the original purpose of the closure of 500 and 1000 notes was to curb black money, which was later converted into Cashless India by the Modi government. After demonetisation, Congress leader Rahul Gandhi told the Modi government that "it is not demonetisation, it will not benefit the country, it is going to benefit the BJP, it is a scandal by beating the country's biggest blood donation".
Let the people of India answer the question of who benefited from demonetisation, yet many questions arise after this, which is very important to understand. It can be understood as A lot can be guessed from these facts like 1- BJP emerged as the richest party after demonetisation, whose impact can be seen on the 2019 Lok Sabha elections. 2- Despite this, 99 percent of the country's notes reached the RBI. Which should not have happened. 3 - Modi government further argued that due to demonetisation, terrorists and Naxalites are running their business with 500 and 1000 notes. So this is the way to get these people on the backfoot. But not a single terrorist or Naxalite note was caught changing and even after warning of our agency, Pulwama attack took place and 40 tongue martyrs were lost. After all, who changed his notes?
4 - The public was told that in our country 500 and 1000 notes are the root of black money. It is convenient to keep it, so black money mafia will break the back of these notes. The country has got little success in doing this too. 5 - When the big notes are the father of black money, then why did the Modi government bring back the big notes of five hundred and one thousand and then the big five and two thousand (2000) notes? Is its value equal to two rupees, no! Then what should be the motive for bringing back this note, whose reasoning the Modi government has not yet given to the public should be argued.
6 - In order to get control over black money on January 16, 1978, the then government decided to remove one thousand, five thousand and ten thousand notes from circulation in which only three days were given to the public. After which, notes of five thousand and ten thousand were removed from the trend forever. 7 - 2016 India's GDP growth rate before demonetisation was 8.01 percent. After which GDP growth rate slipped to 7.11 percent. Then it was 6.1 percent and 4.5 percent in a quarter of 2019, as reported by the Modi government. All this feat is possible after demonetisation. Which the Government of India is trying to improve, but the government has not been successful in this. You may know that 0.1 percent is very important in the rate of GDP.