: Demonetisation has given rise to a state unanswerable to citizens #IndiaNEWS After demonetisation in November 2016, a new relationship between the citizen and state has emerged where the citizen no

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Demonetisation has given rise to a state unanswerable to citizens #IndiaNEWS
After demonetisation in November 2016, a new relationship between the citizen and state has emerged where the citizen no longer has any power to hold the state to account. After five years of demonetisation, the presence of the Indian state in the everyday lives of citizens is visible even more clearly. Untangling the process through which this has happened remains the challenge as the country marks five years of this policy-induced crisis.Writing in January 2017 in the Economic and Political Weekly, I had suggested that through the announcement on November 8, 2016, withdrawing Rs 1,000 and Rs 500 notes, the Indian state has been unleashed on us in the name of protecting our own virtue. The government does not want to be answerable to the citizen.The devastating economic fallout of demonetisation is well documented. Numerous writings in the last five years (“What was the point about demonetisation?�, “Notebandi�) and in particular those written recently marking five years of demonetisation comprehensively establish that demonetisation did not achieve any of its stated goals of (in fact as suggested in these writings the goalposts were never clearly articulated) and turned out to be a disaster in denting the economy and increasing the hardships for ordinary people in India....Read more

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