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Resource centre on India's rural distress
 
 

Demonetisation disrupted the life of every Indian -- and failed all of its stated goals -Meera H Sanyal

-Scroll.in

On the second anniversary of the note ban, banker Meera Sanyal shares her experience of writing a book on the government’s great blunder.

Some incidents are hard to forget – the death of a loved one, the moment one falls in love, the birth of a child. They remain etched in our memories with a vividness that transcends time. Occasionally, there is an incident that imprints itself on the collective memory of a nation, when something happens that touches each of our lives so deeply that when, many years later you ask, “What were you doing when…?”, everyone you question shares their story as clearly if it had happened just yesterday.

The announcement of demonetisation on November 8, 2016, was one such moment. As I reached out on social media over the past few weeks to ask people what they were doing at that time, I was struck by how clearly they remembered what they were doing during Prime Minister Narendra Modi’s announcement, as also what they experienced in the days that followed. It was clear that India’s 2016 note ban was a really momentous step that had touched and disrupted each of our lives.

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