Long years ago India made a tryst with the destiny. It was a painful wait of 68 long years before we could redeem our pledge, not wholly but substantially. At the stroke of 8 o' clock on the eve of 8th November 2016, when the black money hoarders were counting their daily income, India woke up to black money and corruption. A moment comes but rarely in the history when a whole nation is Modified in a moment. A new age begins, when the soul of a nation long suppressed under the burden of a monster of black money and corruption wakes up to write a fresh script of its economic independence. This must be the thought in the mind of our PM and many other in the country who understood the importance of the decision.
People often say that Modi should have done some preparation or some background work. Possibly yes. There were n number of things he could have done but could he be prepared 100% in any time of the history. The answer is no. Just like India was not prepared when it claimed its political independence, this time also India would not have been fully prepared for this economic freedom. The unforeseen challenges were bound to occur. The labor pain was sure to happen. But similar things happened in 1947 as well. Pakistan was attacking Kashmir. Princely states were reluctant to become part of the union. The cold waves of the cold war were leaving us shivering in those times.We survived the change of 1947. Can we survive this time around?
Let us analyze the reasons of why were we able to survive the onslaught of the events following our political freedom. We had four things back then. First, we had a Gandhi. Second, we had a Nehru. Third, we had a Patel. And fourth we had people who were ready to sacrifice for the country. Gandhi was a peacemaker. He was a spiritual leader with a pragmatic mind who had control over all the sections of the society. His one call was enough for people to lay their arms and embrace each other. Second, we had Nehru. He was a congressman at heart but more than that he was a nationalist and a true statesman. He believed in the process of building the institutions. He had a democratic vision for the national progress. He understood the importance of personalities but never gave it a precedence over institutions. He was fortunate enough to have the support of a leader like Patel. Patel was a master planner. He was a champion of Chanakya Niti. It was his effort which resulted in the unification of the country. Fourth, we had people of the country. People who were ready to walk the extra mile in support of their leaders. How is the scenario different today? Why are we losing the game in the process of remoditisation or demonetization of the country?
Well, Who had thought that size of the new note of rs. 2000 would not be same as the old note of rs. 500. Nobody would have imagined the problem of low credit off-take from the filled coffers of the bank. Modi would not have believed that the whole country will change the exercise of notebandi into bhaibandi. All the major economic players be it jewelers or petrol pump owners or property dealers or kinship networks woke up to collude and convert the black money into white money. Sadly there is no Gandhi today whose command would have reminded people of their dishonest deed in this yagna. There is no Patel who could have foreseen the challenges and prepared accordingly. And the Nehru of the day i.e. Mr. Modi himself does not have an image of a politically unbiased personality. He has not emerged as a true statesman. His image of a hardcore brutal politician and a polarizing past make people skeptical of his moves.
However, one must appreciate the courage and bold spirit of Mr. Modi to take such a big political risk. And my belief over his political prudence and his leadership skills allows me to put my faith into his leadership. He may have failed in gauging the challenges but his intentions should be kept beyond question.
Today the demonetization move of Modinomics has boomeranged in our faces. Out of 14.5 Lakh crore, almost 14 lakh crore have come back to the banks. It means demonetization has become a mass black to white money conversion scheme. This has not happened because of the loopholes in the plan of moditization or so-called demonetization. Rather it has happened because people in our society has allowed this to happen. We wanted Modi to be tough. But we ourselves could never become tough. Tough to our neighbors who came begging to hide their black money or tough to our friends who wanted to launder the black into white money. So in a way it is not modinomics which has failed us. Rather it is us who have failed Modinomics.
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