Tuesday, 6 December 2016

A Comment on the after-effects of demonetization and tests ahead for PM Modi

My Comment on an article "For Narendra Modi, test lies in stage three of notebandi" published in the economictimes.com Dated 05/12/2016.

"The author of this article is arguing very reasonably and trying to point out the possibilities and problems ahead in near future.

According to him, there are 3 stages after demonetization. 

We crossed the first stage of people supporting Narendra Modi in spite of the short-term troubles faced by them.

Now, we are in the second stage where we are threatened by economic dislocations, projected fall in GDP up to Rs. 1,50,000 crore, and may be facing a mini-recession period. This may turn the public against him.

The third stage will be when Modi's government puts some of the funds generated through declared black money and through undeposited demonetised currencies into the accounts of Jandhan Yojana account holders if everything goes according to estimates. This may again turn the public in his favor and support him. 

But, let us hope for the best and try to support Modi with full cooperation as he is fighting for a common cause of the masses of our country. If possible, pray to God that he should succeed in his mission." 

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