Observing the post demonetization financial scenario today, let us consider the eventually that the Prime Minister, Shri Narendra Modi would not have dared to take steps of demonetization like his predecessors. What the country would have gained or lost?
Few of the gains & losses could have been;
Gains...
1.Life of common men would have been normal as usual.
2. Status quo would have prevailed and business and GDP growth rate would have run as usual.
Neutral...
1. Parliament may have functioned or may not have functioned as opposition would have found some other habitual excuse to force disruptions.
Losses....
1. Black money and hawala business would have continued to run unstopped.
2. The nexus between corrupt businessman, politicians and bank officials would not have exposed as they are being caught on a large scale today.
3. Terrorist funding and use of fake currency in terrorist activities would have gone as usual, perhaps on larger scale leading to more incident like Pathankot & Uri. Many soldiers and civilians would have been martyred.
4. Use of black money in buying votes during forthcoming state elections would have been continued unhindered.
5. Cleaning process of dirty money economy would not have started.
6.Focus would not have shifted to digital economy.
7. Long term benifits to the economy & nation would have lost.
Readers can add their view points on the gains & losses.
Few of the gains & losses could have been;
Gains...
1.Life of common men would have been normal as usual.
2. Status quo would have prevailed and business and GDP growth rate would have run as usual.
Neutral...
1. Parliament may have functioned or may not have functioned as opposition would have found some other habitual excuse to force disruptions.
Losses....
1. Black money and hawala business would have continued to run unstopped.
2. The nexus between corrupt businessman, politicians and bank officials would not have exposed as they are being caught on a large scale today.
3. Terrorist funding and use of fake currency in terrorist activities would have gone as usual, perhaps on larger scale leading to more incident like Pathankot & Uri. Many soldiers and civilians would have been martyred.
4. Use of black money in buying votes during forthcoming state elections would have been continued unhindered.
5. Cleaning process of dirty money economy would not have started.
6.Focus would not have shifted to digital economy.
7. Long term benifits to the economy & nation would have lost.
Readers can add their view points on the gains & losses.
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