A lot is being said about the wisdom of demonetization by many wise people . Frankly, it is being criticized in direct, indirect ,polite and not so polite words .
Those who try to speak a bit in its favor are almost considered “Blind Followers “.
The critics have been harping upon the hardships faced by almost all of us in varying degrees, the lack of efficient implementation efficiency, the confusions that prevailed almost throughout. They also question its basic necessity for India, suggesting that it had more political objectives to serve than the economic objectives The issues of the jobs that have been lost in the process and arguments that the black economy will once again come back very soon are going round all over .
Having considered all these arguments , one can still observe that the entire exercise has drawn the mass attention towards the existence of black money and black economy and the concerns of the Government to curb the same at any cost .Even a slight dent in this direction means a Huge achievement . People have shown unique support towards the efforts and the hard core defaulters have also taken a good beating in the process . Digitization no more looks an impossibility as it looked a few months earlier. A momentum in this direction , if continued for at least a few months, will be a great gain. The jobs have not been lost permanently. The stricter monitoring of doubtful transactions coupled with the likely ( i really hope so ) removal of administrative hardships and reduction in tax burdens and reduced costs of compliance will make generation and advisability of indulging in black money transactions less attractive and less prevalent.
So let us not be blind critics of all that is different/new/changed . Let’s also look at the change in a positive way. There is still a long way to go and let’s carve our own destiny with a positive attitude .
