Not for the nation

Events prior to November 8, 2016, highlight the role of multinationals working behind the scenes in forcing digital transactions in India.

Written by Prithviraj Chavan | Updated: November 9, 2017 12:51 am

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The government changed the goalposts and began talking of cashless and less-cash economy and even said that the real goal of demonetisation was digitalisation.

The monumental economic disaster unleashed on November 8, 2016, has done tremendous harm to the Indian economy. Initially, everyone welcomed the action as a resolve to fight black money and corruption. It is now clear that none of the original objectives was achieved. The government changed the goalposts and began talking of cashless and less-cash economy and even said that the real goal of demonetisation was digitalisation. The transition towards digital economy is perhaps unavoidable and we are already moving in that direction.