Was Demonetization a Disaster? 2016-2022 | UPSC Mains GS3
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After Demonetization i started using UPI and never looked back .
Demonization was a failure.
Introduction of Rs. 2000 notes was an even bigger blunder.
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.
True
Corrupted banking management was the major cause for the failure of demonetization policy .
good report
To watch other Chapters of New World Order series click here th-cam.com/play/PLpuxPG4TUOR4juHXXB5WEhE5GAQ-mBJpG.html
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 😂😂😂
Upi
Demonization is not bad but the way it was managed was not good.
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।
What a analysis sir ..you express all the pros and cons in a very effective and organised way... hats off sir....
Really well explained Sir. Your voice the way of narrating, one can never feel boring.
I stilo have 1000 & 500 rupees Old note 😂 My mother save it on her bag! When we found that the replacement time was over 😎
Salute to your courage you speak.. nicely explained
It was not a mistake but a blunder
Very very nicely explained. 🙏🏻🙏🏻❤️❤️
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.
It's took India 5 year behind
I was in restaurant when this descion came ND the hotel guy didn't Acept the payment was horrible to see like this
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.
Intention was good , execution was bad.
I even don't want to remember this, it was a complete disaster!
Intention was good but execution was bad.
Well explained sir
imo demonitisation gave a massive push to digital payments! Which i like.
Demonetisation was a disaster
This explain inspired me.. Love from arunachal pradesh ❤️
Awesome explanation 😀
Intention was good but end results were horrendous.
Very nicely explain sir
Good analysis. Well explained.
Govt ko 2000 ka note nhi Lana chahiye tha
Adarsh sr i visit study IQ channel just because of you
Adarsh Gupta appreciate your effort bro.😊👍
Excellent sir
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
informative videos
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...
Well done
I like your concept... Specially india internally issues.. 👍👍
Demonitization in one line : When you fail to make an omlet just make a Bhurji out of it and call it a miracle🧪🪄
Sir , please make videos about Ranchi Taimara Ghati where time and date changes automatically
Thanks sir ji 🙏
Yes this is a fit topic for civil services preparation.
A well balanced and informative video sir
Thank sir 😊
Thnxx
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.
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🇮🇳🇮🇳
Nice
Epic analysis...
Yes it was a blunder and taxpayers money was used to print new currency on low quality paper.
Upi is the best thing in democratization people have start spending more and it increase overall economical flow
Sir need a case study on how to make our country corruption free 🙏🙏
In the land of the ostriches, the blind are king. When politicians bury their head in the sand, ignorance rules the country.
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.
We support the government 👏.
I’m here after circulation of 2000rs is being stopped 😂
Definitely
Demonitisation is big failure 📉
Atleast add English subtitles
Can you plz how come demonitazion in India led to crash of Pakistani economy 🙄🙄
It was the biggest blunder of this decade.
Yes
Haryana me agriculture shop me purane not chal rhe the
I just want to ask simple question, where is 2000 rs. note,huh???
Paaya to kuch nahi par khoya bahut kuch
Demonetisation was the biggest failure of this government.
Modi government has a very poor execution policy.
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❣️
Where is 2000 notes now???😂
One of the worst decision by bjp government
Demonetization was a very good move but the way of implementing was wrong . Corrupt persons made a path to come out of this situtaion.
People*
😂😂😂😂😂
😂😂😂
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.
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
Farmers use cash mostly
Yes It can
What an analysis! 👏👏 Awesome
Sir make a brief video on role of Bjp's in Indian history.
2000 ki note pucho kya sahi tha kya galat
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😂
👍👍
Note Bandi such me Disaster thi MSME Puri Barbaad ho gai thi 🔥
I got my given mony back due to demonstration and could able to book a flat in Mumbai.
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.
Though it was not success but it was not blunder
Here we go again
Notbandi bahut galat thi
2000 ka note itna dikhne mei nhi ata kyu
Kya 2000 ke note khtm ho gya kya iska value zero ho gya
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
Black money is money for which tax is evaded
INR 2000 rupees not required
I think it is helping ED
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
Why GOI don't print money in plastic instead of paper so that minting cost will be reduced
Paper is always renewable, plastic isn't always renewable.
It was disaster, common people suffering till now
GST and corona is also very much responsible.
101%
💟
Govt. Tittumir College
Economics Department
Dhaka ;Bangladesh🔥
Payment digitisation
It was very good Decision 👍
Disaster...
Modiji is the best pm.
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.