A year has passed since 86 per cent of all currency in India was declared invalid by Prime Minister Narendra Modi. Hailed as one of the most disruptive economic policies anywhere in the world, the practice has both supporters and serious critics. On this episode of We The People, we ask: if 99% of the demonetised currency is back in the system, where did the black money stock go? Can demonetisation and issuance of larger denominations of currency stop people from hoarding money illegally? From targeting black money to terrorism to pushing for digitisation, what indeed was the aim of the exercise which stopped the economy in its tracks also claiming multiple lives in the process?
