Modi in advantage

As the last day for depositing old notes of 500 and 1000 ends today, there is still uncertainty over how government will deal with the after effects of demonetisation. In a sudden move on November 8 Prime Minister Narendra Modi announced the scrapping of 500 and 1000 notes which use to comprise 85% of total notes available in the market. The move has given immense trouble to the ordinary citizens. It has also badly hit the industrial sector and has led to massive loss of jobs. The economists are still assessing the effects of demonetisation.
Prime Minister Narendra Modi and his party BJP has been hard selling the demonetisation move to the people of India. They termed it as move against black money hoarder and a measure to stop counterfeiting of Indian currency. The opposition parties led by Congress has termed it as big scam and alleged that it has been implemented without any proper plan. But as the initial, traumatic phase of “notebandi” ends, Modi seems to have managed to retain popular support in the face of demands that he resign as people continue to face hardships. After successes in municipal elections in Maharashtra, Gujarat and Chandigarh, BJP claims that demonetisation has received a thumbs up, all the more because its rivals made the decision an election issue. Though civic polls can reflect local factors intensely, the absence of a backlash will reassure the BJP as the PM uses every public speech to attack opponents, who he accuses of supporting black money hoarders. For now people are willing to bear all problems with the hope of better future. But it will also be wrong on the part of government to think that people will continue to support them even if there is no concrete result in near future.



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