The decision taken to scrap out high value notes a year ago even though created some discomfort for the common masses, but slowly the effect seems to have settled down. The word 'demonetisation' that created hue and cry in the past is now being accepted by people belonging to different sections of the society.
Daily wage workers, street vendors and farmers who faced severe cash crunch earlier have now found some amount of relief. "As a small vendor, I was finding it tough during the first quarter of the demonetisation to cope with. Now, the scenario has changed. Earlier, we used to crave for change (coins), now there is no such crisis," said, a street vendor at Kanke Road, Nassir Hussain.
Similarly, the farmers too felt a temporary pinch earlier. Sukumar, a farmer said, "Only for few months, we were little apprehensive about this decision of Prime Minister, Narendra Modi as cash is the primary mode of transaction in the agriculture sector. We faced some problem while purchasing agricultural stuffs especially seeds but today as the cash flow is smooth, most of us are satisfied with this decision."
The homemakers who had to reveal their 'secret savings', after one year, they too have termed the decision of 'Modi Sarkar' commendable.
"Earlier, we use to curse the present government that made us reluctantly reveal our savings. However, after one year, we can proudly say that we have contributed in the positive growth of the society in some or the other way.
Also, all pain of standing in long queue has vanished," said, Chaitali Dey, a housewife while sharing her reaction on demonetisation that had left Indian housewives heartbroken.
For the Government employees as well, the demonetisation effect that created much havoc in past did not exist for long. "Earlier, there was a problem of getting cash instantly from banks but now there is no such crisis," said, a State government employee, Pramod Kumar.
Even the young generation feels that the demonetisation decision of the ruling party is beneficial for the long term considering different factors.
"Though, I had seen tough time during the demonetisation phase as waited in long queue, unavailability of cash in the ATMs was painful but after one year, things have fallen into place. The effect was only for the first six months," said, Samridhi Pandey, a third year, Economics Honours student at St. Xavier's College.