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A simple Google search shows you are wrong. > Overall, however, our study strongly suggests that India’s 2016 demonetization, the largest the world has ever se
by cscurmudgeon 8y ago
A simple Google search shows you are wrong.
> Overall, however, our study strongly suggests that India’s 2016 demonetization, the largest the world has ever seen, effectively stimulated the transition from a cash-based to digitally enabled economy.
https://www.forbes.com/sites/nusbusinessschool/2018/09/01/indias-demonetization-drive-a-necessary-jolt-towards-a-more-digital-economy/#25698a7d3dc3 https://www.forbes.com/sites/nusbusinessschool/2018/09/01/in...
- axiom92 8y agoYou are only addressing 1/6 points mentioned by the OP, most of which is a load of BS. As for the gain in digital transactions, was there no other way to boost them? If the supreme leader comes up with another rule that anyone who uses cash will be shot, the cash-based transactions will reduce to nearly 0. But will it make any sense?