Is demonetization in India a major flop?

Many economists all over the world believe that this is the cause of failure, low GDP growth rate, low industry growth rate, rise in rupees, decrease in exports and so on.

Countermeasure: "Made in India" makes almost all foreign multinational companies open manufacturing centers here. Besides industrialized countries with competitive institutions in India, even the Chinese business group has established a manufacturing department.

2) Better interest rate - worsening increases liquidity, so we are seeing cheaper loans and will be cheaper in the future

4) Declining prices of crude oil, fertilizer, pharmaceuticals and ores - India is heavily dependent on imports from these important foreign countries. A stronger rupee will ensure that all of this will be sold at cheaper prices. Because petroleum fuels are caused by shipping costs and commodity prices, cheaper oil makes everything cheaper. This situation makes India a better destination for all multinational companies to manufacture and manufacture at low cost.

The decline in GDP and industry's growth rate is a short-term rise, in any case it is part of the economic development of each country. However, take long-term achievements of India as a global manufacturing and export center, create millions of jobs and enrich the lives of the public.

Some imagine the global rule of India in the next five to ten years, and pay attention to the fact that dreams look promising.

India is expected to take the label of China's "fastest growing major economy in the world" (it temporarily lost its label without labeling it) and will be the main driving force for worldwide growth . India is the fifth largest economic power in the world's fifth largest economy, adjusted today by purchasing power parity. With India's rich population dividend, the world's largest workforce, the growing domestic market, the expected productivity gains, and government-funded infrastructure investment, India will grow by over 7% per annum over the next decade Has been achieved. Unlike export-led growth patterns in East Asia and Southeast Asia, the majority of India's growth is due to the domestic markets with remarkable growth, and has received some influence from global trends such as anti-globalization and nationalism.

Let's see the recent democratization process in India I am not biased toward either side. There were many confusion every day after the announcement, there were contradictory descriptions and flip-flops everyday. In fact there is a wider strategy, the problem is implementation. A large scale adjustment is necessary among all stakeholders who implement this commemoration event.

The process of withdrawing money from distribution is called non-monetization. Since 8 November 2016, the term non-monetization has become very common in India. On the same day Prime Minister Narendra Modi suddenly declared extinction in India. This time is not the first time that democratization was done in China. As early as 1946 and 1978 democracy was already taking place in India. The government hopes to achieve some degree of economic growth domestically through non-monetaryization, but sudden announcement of non-monetization has caused a lot of confusion and confusion in the country. After the illegalization of about 15.44 lazy people, the noteworthy notes of Rs 500 and Rs 1000 are no longer legal bids. However, the government immediately issued only 10% to 12% of new bills, resulting in shortage of domestic cash. You can line up at the bank all day. For nearly a few months people in this country can not even use their own money. But then everyone is as usual as usual