Modi’s rivals tap into Indians’ discontent over economy
Prime Minister Narendra Modi's surprise move to withdraw most of India's currency from circulation in November 2016 greatly affects ordinary businesses that are reliant on cash. – AFP pic, April 8, 2019.
MORE than two years after the surprise withdrawal of most of India’s currency from circulation, the painful consequences stalk its architect as he seeks another term at the helm of Asia’s third-largest economy. Prime Minister Narendra Modi announced the “demonetisation” in November 2016, justifying the sudden move as a means to flush out cash being hoarded by wealthy tax cheats.
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