It's one of the most expected outcomes. But still for the government to go ahead and do this was primarily two reasons: 1. PR: The current Indian Govt was suf

It's one of the most expected outcomes. But still for the government to go ahead and do this was primarily two reasons: 1. PR: The current Indian Govt was suffering from Beefgate and PM Modi was criticised for not making any comments on it but touring the world. While Modi was seemed to be an economic reformer, nothing of that sort happened until that. Hence this Demonetisation came up to showcase "PM Modi has done that no one would dare to do" headlines. It's also notable that the Prime Minister himself appeared on Media and announced this, while a right approach would be the man who signs on the currency: RBI Governor to do. A PR win it was! 2. Digitisation: One of the big concerns with Digital Currency (a non-decentralised one) is that it's really really hard to be private anymore. We'd just end up as another data point in someone's table and that's exactly what happened. This was very well explained in the recent SAS Forum happened in Mumbai, India. Data Scientists of Income Tax dept wanted data for analysis but didn't have one and got what they wanted with Demonetisation. So, that's obvious! A win-win for govt!