Know that, when the demonetisation was in progress then most of the people lost their wealth, some of them lost their businesses and small and big entities went down in the production. This somehow is still going on and there are no real trades and liquidity that is underway in the country.
Can't agree more on this point. I am one of the victim of demonetization. I was working on a logistics related startup at the time when demonetization took place. The company was just 6 months old and I was the third employee of that company. The owner of the company was also having a trucking business which is a cash intensive business.
Demonetization happened on 8th November and the company got closed on 28th November because the owner of the company lost a sizable amount of wealth in that activity. I didn't even get the severance payment. Just got 50% of my salary for that month and all employees were asked to leave! India is showing the right example of what 4 years of anarchy and financial wrongdoings can do to a country's economy!
But the discussion was not on the reason for this, rather on the remedy part of it! I am trying to understand what common people are thinking about the remedy of this grave situation.
