Public finds demonetisation both boon and bane: Survey

SoGoSurvey conducted a survey across India to find how Indians reacted to the sudden ban implemented on Rs 500 & Rs 1,000 notes

Demonetisation has struck the nation hard in terms of living. Despite daily routine of most Indians going offtrack, a survey says that 72% of people throughout agree with the decision. 

SoGoSurvey conducted a survey across India to ?nd how Indians reacted to the sudden ban implemented on Rs 500 & Rs 1,000 notes. This survey went out to people across India in the age group from 18 to 65, the sample size of survey is 1,640. The survey was conducted between the 10th & 17th of November. Around 60% of Indian supported the decisions made by the Modi government.

Reasons for people to agree with the currency ban

1. Demonetisation would help bring out hoarded black money

2. This will dismantle terror ?nancing avenues

3. The move would help tackle the problem of counterfeit notes 

Reasons for people to disagree with the currency ban

1. 4 hours are not enough for the entire population to arrange money for their daily needs

2.  Common man doesn’t have black money but will suffer the most

3. Diverting attention from basic issues on which government is failing

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The government’s move to scrap nearly 23.2 billion high-value currency notes of Rs 500 and Rs 1,000, was in the pipeline for several months but was kept tightly under wraps, with just a handful of officials in the know.The Reserve Bank of India’s central board had approved the production of the Rs 2,000 notes several months ago and even began production of the new Rs 500 and Rs 2,000 notes, which were  issued from November 10.

READ OUR FULL COVERAGE ON THE MODI GOVT'S DEMONETISATION MOVE