"Demonetisation will have an impact on the coming Assembly polls in UP as it is not the common people, but corrupt leaders, officials and industrialists who are perturbed by the move," Singh told PTI.
"This is a big decision... It is BSP and SP that appear to be more worried by it," he said, adding that people were minutely watching the panic situation of political parties.
The common people know that BJP has taken this step in accordance with the promise made by it during the Lok Sabha election campaign with regard to black money, he said.
Singh, who is also the convenor of 'Parivartan Yatras', said the law and order situation in the state was dismal.
"People of the state are fed up with the governments led by BSP and SP... There has been corruption and crime everywhere during the governments led by these parties... Now the people want development and they look to BJP as the only alternative," he claimed.
Criticising the Akhilesh Yadav government, he said that it was doing "drama" in the name of development and the benefits of even the schemes of the Central government were not reaching the common people in the state.
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