Demonetisation 2016: Why Did India Really Ban ₹500 & ₹1000 Notes

Описание: On November 8, 2016, at 8 pm, India changed overnight. Prime Minister Narendra Modi declared that ₹500 and ₹1000 notes 86% of the country’s currency were no longer legal tender.

What followed were endless queues, cash chaos, and an economy gasping for air. The government said it was a strike on black money, corruption, and fake currency. But did demonetisation actually achieve any of these goals—or was it one of the biggest economic blunders in independent India?

In this video, we break down:
The reasons Modi gave for demonetisation
How it impacted ordinary Indians and the economy
What the RBI’s numbers revealed
The rise of digital payments
Why it failed economically but worked politically

Was it a masterstroke or a mistake? Watch till the end to uncover the paradox of demonetisation—an economic flop, but a political win.

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