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Understanding Demonetization in India by Shrawan Kumar Singh

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APPENDIX 8.1

 

 

Text of the speech by Indian Prime Minister Narendra Modi on Demonetization, November 8, 20161:

My dear citizens,

I hope you ended the festive season of Diwali with joy and new hope. Today, I will be speaking to you about some critical issues and important decisions. Today I want to make a special request to all of you. You may recall the economic situation in May 2014 when you entrusted us with an onerous responsibility. In the context of BRICS, it was being said that the “I” in BRICS was shaky. Since then, we had 2 years of severe drought. Yet, in the last two and a half years with the support of 125 crore Indians, India has become the “bright spot” in the global economy. It is not just we who are saying this; it is being stated ...

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