Narendra Modi has done something that Indians will never forget. His idea of demonetizing the higher value notes has created chaos in the country.
People had to stand in lines and many have died while standing in the lines to get money. The GDP growth rate has gone down as well losing the fastest growing GDP title to China. Even the amount of old notes returned is not yet known. Arun Jaitley said that it will take a lot of time to count the old notes.
The old notes get counted in the local banks itself but the reason behind why Arun Jaitley’s words is unknown. SBI has also said that Indian economy has slowed. The World Bank has also warned that poor households may face difficulties if demonetization takes place.