Demonetisation: Fifty days over, what’s next?

Remember November 8, when the family for the first time reached a consensus on the program to be viewed and were glued to the media news channels. The day when the Prime Minister, Narendra Modi  made some strategical announcement. Yes, you are right the day from which Rs 500 and Rs 1000 notes failed to be a legal tender.

The trauma and the heat of note ban terribly hit India Inc. The fight against corruption became the fight of the person standing in the que to deposit and withdraw money, the tussle with the security guards and even some bankers.

While addressing the nation on November 8, PM Narendra Modi urged people to give him Fifty days, which is going to get over in the next couple of hours. However, worry and the dilemma of the  common man still continue.

The move saw an uneven welcome, many economists were not in line with the PM’s vision. While some economists welcomed the move, while some thought the move is valid only if there is counterfeiting of notes, which was not the case.

The Indian GDP, however will take a hit in the upcoming quarters and the economy is expected to slow down. Moreover, all eyes will once again be glued to the television sets on December 31, when Narendra Modi addresses the nation. According to sources, the Prime Minister may make some announcement, but this time it is expected to bring in relief to the so- called common man.