There are two important facts for Modi's demonetization action. Fact 1 : 86% cash of the currency in circulation was made invalid Fact 2 : Unaccounted income

There are two important facts for Modi's demonetization action. Fact 1 : 86% cash of the currency in circulation was made invalid Fact 2 : Unaccounted income in cash is approx. 3% Once you combine Fact 1 and 2, you'd know where this goes. Anyways, NPR has two podcasts on this [0,1]. [0] https://text.npr.org/s.php?sId=527803742 https://text.npr.org/s.php?sId=527803742 [1] https://text.npr.org/s.php?sId=528181998 https://text.npr.org/s.php?sId=528181998