. Encouraging all small vendors to use the money wallets and plastic currency
Undoubtedly Modi’s government has always encouraged the plastic currency. It has made opened bank accounts by citizens and encouraged them to use Debit cards. However it failed to supervise how it is actually going. People weren’t so interested to use plastic currency because of fraud and fear of transaction failures. So government should have had made them aware of this and should have made sure all small vendors have the swiping machines and mobile wallets acceptance. This could have reduced some problems by the common public. So if government could have done at least one of the above precautionary measures before the decision it would have been much impact and people would have welcomed it very well. It is anticipated that already the country is witnessing the downfall in the daily GDP and the stock markets are being collapsed. So wish India comes out of this soon with flying colors. So what is your take on this demonetization? Do you think there is some other better way that demonetization must have done than this methods? Comment your opinion below.