Was Demonetization a Disaster? 2016-2022 | UPSC Mains GS3

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  • เผยแพร่เมื่อ 14 ก.ย. 2022
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ความคิดเห็น • 170

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  • @rimurutempest2130
    @rimurutempest2130 ปีที่แล้ว +120

    After Demonetization i started using UPI and never looked back .

  • @arvindynr
    @arvindynr ปีที่แล้ว +123

    Demonization was a failure.

    • @arvindynr
      @arvindynr ปีที่แล้ว +54

      Introduction of Rs. 2000 notes was an even bigger blunder.

  • @VijaySharma-rj3iy
    @VijaySharma-rj3iy ปีที่แล้ว +199

    Corrupted banking management was the major cause for the failure of demonetization policy .

    • @msrao7010
      @msrao7010 ปีที่แล้ว +5

      good report

  • @SJ.......28
    @SJ.......28 ปีที่แล้ว +129

    As always richer sections of the society remain unaffected and poors as well as those middle class people's who have never been a part of money laundering and other such corruption's had to pay heavy costs we cannot always expect such drastic measures to be successful in fact such a drastic measures always hit the economy and society badly.
    The Targetted group's remain unaffected
    However it's true that demonetization encouraged digital payment which inturn contributed to the digitalization of the economy but it has a lot of loop holes
    and according to me lack of serious
    implementation is the main reason behind its failure.

  • @Raman42002
    @Raman42002 ปีที่แล้ว +106

    20,000 crores of money was wasted for printing new currency.People deposited their black money in banks and fake accounts and government gave interest on that money 😂😂😂

  • @studyiqofficial
    @studyiqofficial  ปีที่แล้ว +4

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  • @vikrantkhatai5750
    @vikrantkhatai5750 ปีที่แล้ว +112

    Demonization is not bad but the way it was managed was not good.

  • @shariqzafar
    @shariqzafar ปีที่แล้ว +42

    As per RBI and Govt. reports not even a single target was achieved. So, a big disaster as this single move destroyed MSME and Agri industry.

  • @prabhanjanmeher4647
    @prabhanjanmeher4647 ปีที่แล้ว +57

    What a analysis sir ..you express all the pros and cons in a very effective and organised way... hats off sir....

  • @roshantirkeyvlogs04
    @roshantirkeyvlogs04 ปีที่แล้ว +36

    Really well explained Sir. Your voice the way of narrating, one can never feel boring.

  • @AnkitSingh-jh8es
    @AnkitSingh-jh8es ปีที่แล้ว +125

    It was not a mistake but a blunder

  • @parbinkumar007
    @parbinkumar007 ปีที่แล้ว +20

    I stilo have 1000 & 500 rupees Old note 😂 My mother save it on her bag! When we found that the replacement time was over 😎

  • @upendrasingh6842
    @upendrasingh6842 ปีที่แล้ว +12

    यही होता है जब बिना सोचे समझे हीरो बनने के चक्कर मे ऐसे काम किए जाते हैं।
    एक भी तैयारी नही थी इसलिए जनता परेशान हुई।

  • @soulful4048
    @soulful4048 ปีที่แล้ว +85

    Salute to your courage you speak.. nicely explained

  • @RahulKumar-wl5yx
    @RahulKumar-wl5yx ปีที่แล้ว +35

    It is a failure because the mental and physical health that people suffers just to exchange their own money not any politician suffers, many bank and post office employees lost their lives due to months of sleepless nights.
    After exchanging money, many people I know have their health deteriorate, so many businesses collapsed due to money shortage.

  • @kanekaab
    @kanekaab ปีที่แล้ว +105

    You have missed the point though... Since most people now are connected with bank accounts using digital means of pay , the cost of printing currency is well contained if you compare that too 10 years back cost to today's cost, considering inflation as well

  • @Zeimon
    @Zeimon ปีที่แล้ว +53

    imo demonitisation gave a massive push to digital payments! Which i like.

  • @AbhiSharma-wp1xx
    @AbhiSharma-wp1xx ปีที่แล้ว +3

    Very very nicely explained. 🙏🏻🙏🏻❤️❤️

  • @Sanjiv070
    @Sanjiv070 ปีที่แล้ว +10

    I was in restaurant when this descion came ND the hotel guy didn't Acept the payment was horrible to see like this

  • @khushalyadav8965
    @khushalyadav8965 ปีที่แล้ว +27

    Demonetisation was a disaster

  • @kushal998
    @kushal998 ปีที่แล้ว +4

    Good analysis. Well explained.

  • @PARTHPATEL-tp8hy
    @PARTHPATEL-tp8hy ปีที่แล้ว +1

    Very nicely explain sir

  • @MARKCRASTO
    @MARKCRASTO ปีที่แล้ว +35

    Proud that you had the courage to make an honest video. When i saw this notification, i thought that you would pander to the powers that be.
    I remember how Virat Kholi had said "Demonitisation was good", such wise people given their valuable opinion on economic matters.
    Once again..great vid.

  • @amandude4648
    @amandude4648 ปีที่แล้ว +2

    Well explained sir

  • @princesingh2956
    @princesingh2956 ปีที่แล้ว +10

    Intention was good , execution was bad.

  • @topno_
    @topno_ ปีที่แล้ว +9

    It's took India 5 year behind

  • @anujmeena
    @anujmeena ปีที่แล้ว +2

    Awesome explanation 😀

  • @sohit7706
    @sohit7706 ปีที่แล้ว +57

    For all saying, it was successful bcs of digital economy. The main purpose of demonetisation was to curb black money which didn't happen. Also, even if demonetisation has not been happen, UPI would have been successfull. For example, Ola, Zomato and Amazon were successful bcs of technological advancements not bcs of demonetisation.

  • @targetnda8375
    @targetnda8375 ปีที่แล้ว +33

    Every action has a positive reaction and negative reaction as well. Demonetisation's greatest victory was the birth of UPI- Unified Payment Interface. It was really very tough time for economically weak people.

  • @vipinpathak4115
    @vipinpathak4115 ปีที่แล้ว +36

    Thoroughly explained, well actually the common man( middle income family ) didn't suffered much because everyone pretty much needed normal spending for livelihood. I understand this move was not well executed but do know that it was well intentioned and welcomed. Our support to the govt is there. Jai hind🇮🇳🇮🇳

  • @kanekaab
    @kanekaab ปีที่แล้ว +9

    Intention was good but execution was bad.

  • @roshandudhalkar9876
    @roshandudhalkar9876 ปีที่แล้ว +6

    I even don't want to remember this, it was a complete disaster!

  • @joyoinameitei2378
    @joyoinameitei2378 ปีที่แล้ว +4

    Intention was good but end results were horrendous.

  • @AshishKumar-xr9kz
    @AshishKumar-xr9kz ปีที่แล้ว +5

    Adarsh sr i visit study IQ channel just because of you

  • @NitishKumar-nm5mw
    @NitishKumar-nm5mw ปีที่แล้ว +5

    Sir , please make videos about Ranchi Taimara Ghati where time and date changes automatically

  • @rsingh152
    @rsingh152 ปีที่แล้ว +2

    Thanks sir ji 🙏

  • @anirbansen9788
    @anirbansen9788 ปีที่แล้ว +47

    Demonitization in one line : When you fail to make an omlet just make a Bhurji out of it and call it a miracle🧪🪄

  • @gowlikarnaresh6106
    @gowlikarnaresh6106 ปีที่แล้ว +1

    Excellent sir

  • @tayummayum9741
    @tayummayum9741 ปีที่แล้ว +1

    This explain inspired me.. Love from arunachal pradesh ❤️

  • @uddiptanath6055
    @uddiptanath6055 ปีที่แล้ว +2

    Adarsh Gupta appreciate your effort bro.😊👍

  • @oj797
    @oj797 ปีที่แล้ว +1

    informative videos

  • @sweetworld6583
    @sweetworld6583 ปีที่แล้ว +12

    I like your concept... Specially india internally issues.. 👍👍

  • @the23kmaster13
    @the23kmaster13 ปีที่แล้ว +9

    Govt ko 2000 ka note nhi Lana chahiye tha

  • @SoumitraKhirpai
    @SoumitraKhirpai ปีที่แล้ว +13

    Loss is much more than gain. Demonetisation is simply a disaster. We gained an increase in digital payment by freeing UPI. This is not due to demonetisation. Demonetisation is simply a shock wave in the economy. It actually collapsed the economy...

  • @avinashsingh2391
    @avinashsingh2391 ปีที่แล้ว +2

    Yes this is a fit topic for civil services preparation.

  • @chandansingh-mh7zv
    @chandansingh-mh7zv ปีที่แล้ว +4

    Well done

  • @manyasingh8350
    @manyasingh8350 ปีที่แล้ว +10

    A well balanced and informative video sir

  • @babloogautam4147
    @babloogautam4147 ปีที่แล้ว +1

    Thank sir 😊

  • @SanjeevKumar-fv4tg
    @SanjeevKumar-fv4tg ปีที่แล้ว +17

    It was the biggest blunder of this decade.

  • @Samriddhi116
    @Samriddhi116 ปีที่แล้ว

    Thnxx

  • @ankitownstyle
    @ankitownstyle 9 หลายเดือนก่อน

    Epic analysis...

  • @amit4310
    @amit4310 ปีที่แล้ว +2

    Upi is the best thing in democratization people have start spending more and it increase overall economical flow

  • @souravpati2833
    @souravpati2833 ปีที่แล้ว +288

    Demonetization was a very good move but the way of implementing was wrong . Corrupt persons made a path to come out of this situtaion.

  • @samporoy
    @samporoy ปีที่แล้ว +3

    Yes it was a blunder and taxpayers money was used to print new currency on low quality paper.

  • @AmitKumar-dw9ym
    @AmitKumar-dw9ym ปีที่แล้ว +17

    Demonitisation is big failure 📉

  • @Prorider3716
    @Prorider3716 ปีที่แล้ว +1

    Nice

  • @raviv3398
    @raviv3398 ปีที่แล้ว +8

    My father just yesterday told me about demonetisation which happened 4 decades ago in 1978. How at that time banks were not available nearer to all towns, they had to travel 100km+ to Ahmedabad and stand in line for few days to change the notes. People didn’t had car those time. My uncle drove bullet (bike) 6 times, each time having 3 more people, travelling 100km one way mostly on unpaved roads to drop family members and friends there so people can exchange money. Talk about hardship which happened in 2016 vs 1978.

  • @sangramjamgade2422
    @sangramjamgade2422 ปีที่แล้ว +11

    Demonetisation ki vajah se logone apni jan gavai, or sabse herani ki baat hai ek bhi politition ke pass black money nahe Mila, kisi bhi bade business men ke pass black money nahe Mila, ye kese posible ho sakta hai😂

  • @DhammadipAwale1991
    @DhammadipAwale1991 ปีที่แล้ว +4

    Definitely

  • @someshgupta3005
    @someshgupta3005 ปีที่แล้ว +28

    StudyIQ could u make a video on a topic of "hindi" as our hindi language is getting popularity day by day specially because of our tradition, culture, diversity, wide Indian diaspora nd specially bcoz of Indian songs nd our beloved India's south film industries which is getting attention recently globally..... Tq StudyIQ❣️

  • @dharmendrakpaswan5889
    @dharmendrakpaswan5889 ปีที่แล้ว +6

    Sir need a case study on how to make our country corruption free 🙏🙏

  • @harshraj3124
    @harshraj3124 ปีที่แล้ว +38

    Demonetisation was the biggest failure of this government.
    Modi government has a very poor execution policy.

  • @saumyaudayan8197
    @saumyaudayan8197 ปีที่แล้ว +2

    I’m here after circulation of 2000rs is being stopped 😂

  • @rajuguide5495
    @rajuguide5495 ปีที่แล้ว +3

    In the land of the ostriches, the blind are king. When politicians bury their head in the sand, ignorance rules the country.

  • @gameglimpses8861
    @gameglimpses8861 ปีที่แล้ว

    Yes

  • @nareshbeniwalindia
    @nareshbeniwalindia ปีที่แล้ว

    Haryana me agriculture shop me purane not chal rhe the

  • @ramdasm9361
    @ramdasm9361 ปีที่แล้ว +4

    We support the government 👏.

  • @MohitYadav-th7fz
    @MohitYadav-th7fz ปีที่แล้ว +9

    Note Bandi such me Disaster thi MSME Puri Barbaad ho gai thi 🔥

  • @s.t.sundernadar5714
    @s.t.sundernadar5714 ปีที่แล้ว +4

    Can you plz how come demonitazion in India led to crash of Pakistani economy 🙄🙄

  • @uddiptanath6055
    @uddiptanath6055 ปีที่แล้ว +5

    What an analysis! 👏👏 Awesome

  • @Deepnandy148
    @Deepnandy148 ปีที่แล้ว +32

    One of the worst decision by bjp government

  • @makeinindia3977
    @makeinindia3977 ปีที่แล้ว +8

    Sir make a brief video on role of Bjp's in Indian history.

  • @ashutoshupadhyay4996
    @ashutoshupadhyay4996 ปีที่แล้ว +3

    I just want to ask simple question, where is 2000 rs. note,huh???

  • @priyagaur8568
    @priyagaur8568 ปีที่แล้ว +2

    👍👍

  • @luciferthedevil5426
    @luciferthedevil5426 ปีที่แล้ว

    Here we go again

  • @rajkamalmedhi6467
    @rajkamalmedhi6467 ปีที่แล้ว +5

    Where is 2000 notes now???😂

  • @gouravgour1168
    @gouravgour1168 ปีที่แล้ว +7

    Targeting bankers is like punishing them when they were the people who were troubled the most and atleast their duties should have been acknowledged. Either during demonetisation or during pandemic they were never looked upon.
    Although demonetisation laid base for digital banking but what the entire country went through was short sightedness of leadership.

  • @sais7835
    @sais7835 ปีที่แล้ว +3

    Atleast add English subtitles

  • @pratiknath1712
    @pratiknath1712 ปีที่แล้ว +13

    As indians we should we proud how rich and resilient out civilization is. Soo many outside forces trying to destroy us from ages but we keep fighting. Jai hind.

  • @ghjiklfk123
    @ghjiklfk123 ปีที่แล้ว

    Yes It can

  • @DeepakVerma-oc5cl
    @DeepakVerma-oc5cl ปีที่แล้ว +3

    Paaya to kuch nahi par khoya bahut kuch

  • @Gaurav-de7ix
    @Gaurav-de7ix ปีที่แล้ว

    Though it was not success but it was not blunder

  • @Ritzselfcreation
    @Ritzselfcreation ปีที่แล้ว +2

    Farmers use cash mostly

  • @mahendrakhamesra6908
    @mahendrakhamesra6908 ปีที่แล้ว +1

    Best answer is that there was black money but they didn’t declare and they printed all money and told we got all money back ……in system……and black money they given to party fund

  • @sumitgoel1643
    @sumitgoel1643 ปีที่แล้ว +1

    I got my given mony back due to demonstration and could able to book a flat in Mumbai.

  • @sumitroy7949
    @sumitroy7949 ปีที่แล้ว

    👍

  • @sunilgavade6580
    @sunilgavade6580 ปีที่แล้ว +3

    When normal person not get exchange of INR 500/- rupees
    Then how he can get the exchange of INR 2000/-
    So INR 2000/- currency not required

  • @jogendra8249
    @jogendra8249 ปีที่แล้ว +10

    It was very good Decision 👍

  • @bshaamala
    @bshaamala ปีที่แล้ว

    I think it is helping ED

  • @aakashratti
    @aakashratti ปีที่แล้ว +2

    Why GOI don't print money in plastic instead of paper so that minting cost will be reduced

    • @mrrattrap1488
      @mrrattrap1488 ปีที่แล้ว +1

      Paper is always renewable, plastic isn't always renewable.

  • @Bobby-sm2vw
    @Bobby-sm2vw ปีที่แล้ว +1

    101%

  • @beautyofodisha4414
    @beautyofodisha4414 ปีที่แล้ว +2

    Demonitisation move actually not bad but the way of implymentation it is wrong and not only the demonetization but GST it is also world's complicated system and maybe government had Nick intention but matter is the implementation and Management and if we talk about the current governments management it is absolutely disaster if we talk about the demonitisation GST its also 19 lock down and after then vaccination process also does not matter what your intention but matter is what your management without profit study and plan you cannot carry out anything not only those but if you talk about the farmer law that's also kind of you know and also the NRC and CA

  • @sunilgavade6580
    @sunilgavade6580 ปีที่แล้ว

    Payment digitisation

  • @iambotnewversion5388
    @iambotnewversion5388 ปีที่แล้ว +3

    🥰

  • @yogisharma7204
    @yogisharma7204 ปีที่แล้ว +2

    Notbandi bahut galat thi

  • @greatking9418
    @greatking9418 ปีที่แล้ว +7

    It was disaster, common people suffering till now
    GST and corona is also very much responsible.

  • @sunilgavade6580
    @sunilgavade6580 ปีที่แล้ว

    INR 2000 rupees not required

  • @subhapoddar6109
    @subhapoddar6109 ปีที่แล้ว +3

    Construction and real state sector is still in poor condition

  • @primex7988
    @primex7988 ปีที่แล้ว +2

    💟
    Govt. Tittumir College
    Economics Department
    Dhaka ;Bangladesh🔥