Ten years after demonetisation in India: the promises were not fulfilled
Ten years after the sudden withdrawal of 500 and 1,000 rupee banknotes, experts conclude that 'black money' did not disappear, 99.3% of the withdrawn cash returned to banks, and the volume of cash in circulation has even grown. The only obvious shift is the rise of digital payments, but even its link to demonetisation is disputed.
Otabek Yusupov