Separatist Indian movement’s Twitter bots spread violent messages
Washington PostMAY 2023
After ignorantly issuing the 2K-rupee banknote in the first place and watching it destroy the Indian economy for years, PM Modi's government is finally admitting its failure. The ruling government acts before it thinks, and this is another example of its failed policies and disregard for the working people.
As India's deposit growth is currently lagging behind credit growth, this move will help ease the pressure on deposit rate hikes. Though some small businesses like construction or agriculture could be hurt in the near term, the 2K-rupee note was little used compared to smaller denominations. This is the right decision.