Un­cer­tainty af­ter De­mone ti­sa­tion

Southasia - - EDITOR’S MAIL -

Most po­lit­i­cal lead­ers pas­sion­ately talk about bring­ing an overnight change in the sys­tem with­out as­sess­ing the longterm im­pact of such one­off ad­ven­tures. The re­cent de­mon­eti­sa­tion move by the Naren­dra Modi gov­ern­ment sug­gests the same ap­proach. Ac­cord­ing to eco­nomic ex­perts, de­mon­eti­sa­tion is a gam­ble which could put the In­dian econ­omy in peril and could lead the coun­try to some se­ri­ous crises later. De­spite be­ing taken with good in­ten­tions, a wrong step can never pro­duce the right re­sults. Des­per­ately play­ing hard­ball with so much ur­gency to prove him­self a vi­sion­ary leader in In­dian his­tory, Modi has been set­ting a wrong prece­dent. In the name of serving the broader pub­lic in­ter­est, he seems to be work­ing on a per­sonal agenda, sac­ri­fic­ing pub­lic ob­jec­tives to ful­fil vested in­ter­ests.

S. V. Ajit,

Delhi, In­dia.

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