As an individual, I see the following as the fallout of #demonetization. You won’t find anything economical here, but everything logical.
Made the local counsellor reach out to my Dad to see if I could transfer some money from Singapore to his business’s current account in India. In turn he would give more than an equivalent from his cash pile. He promised an apartment in addition to more than the value of the money hat he asked me to send. I declined, anyway.
Made the house maid in Chennai remark,’ So what if Rs 1000 is withdrawn? I don’t have 1000 note anyway. Only hoarders are affected, aren’t they? Well, I wish more of such people are punished.’
Made the Ganges more polluted by having to carry sacks full of dumped cash.
Made Rahul Gandhi return to India and stand in a queue, for the first time in his life.
As an aside, I saw all the 2G, Coal scam and Sharada scam accused come together, stand in front of parliament and demand justice for themselves.
For the first time, an income tax assesse felt proud of paying his tax.