On this day last year, Prime Minister Narendra Modi stunned the nation by cancelling over 86 per cent of the currency notes in circulation. The economy took a short-term hit but demonetisation also unleashed trends that could potentially yield long-term gains.
1. Eradicate black money, reduce corruption
2. Wipe out counterfeits
3. Root out terror financing
4. Reduce cash in circulation, spur digital payments