Demonetisation cost India a direct loss of $ 25 billion in lost output. Indirect losses would be about 2 to 3 times that amount.
The loss was more than the loss caused by all the wars that India has fought since 1947. Who is India’s enemy if not ignorance?
— SonaliRanade (@sonaliranade) December 26, 2018
The Indian Property prices took a wobble after demonetisation and despite my admiration for PM Modi, what deeply upsets me is that he attacked the middle classes.
The whole idea of “cleaning up India” is that it needs to be a top down effort. Beyond chasing Vijay Mallya and Nirav Modi there are oligarchs in India who cripple the country.
Their extravagant events, modes of living and seeking lack of “noblesse oblige” is more harmful to India than anything the small businessman gets up to. In fact these super-wealthy unchanging oligarch have formed an unholy trinity with Bollywood and the IPL.
Much as India is glamorising; this sort of froth and excess at the top, unchallenged by the BJP is in poor taste. Demonetisation instead was squarely aimed at the already struggling and suffering middle classes. Modi ain’t be forgiven for this and it may cost him the next election.
As an aside: Pakistani liberals want to have their Muslim majoritarianism but also bash India when possible.
This is an extraordinarily powerful tweet
People whose lives are in danger just by virtue of existing in Pakistan:
8. The poor
10. Transgender folks
11. Critics of the establishment
*Risk compounded for ticking more than one box.
— Nida Kirmani (@NidaKirmani) December 26, 2018
I was taken aback when I read it by its vehemence (she didn’t mention low-caste groups in Pakistan). But the following tweet is super-disappointing:
For all those Indians smugly re-tweeting my tweet about those under threat in Pakistan, the list is just as long in India. The situation for minorities has deteriorated consistently over the last 2 decades as a result of Hindutva. Both countries need to get their houses in order.
— Nida Kirmani (@NidaKirmani) December 27, 2018