PoliticsPhoto: The News MinuteTen Years After Demonetisation, Cash Remains Dominant in India
Ten years after Prime Minister Narendra Modi announced the demonetisation of Rs 500 and Rs 1,000 notes on November 8, 2016, cash continues to play a major role in India's economy despite rapid growth in digital payments. The move aimed to curb black money, counterfeit currency, and terror financing, but its impact on these issues and informal workers remains debated. Modi called it a national effort against corruption and fake notes.
The News Minute·



