On my trip back to Benguluru from Mumbai, I realized that traffic on famed Bangalore streets appeared to be much thinner than usual. As they say, cab drivers have the best pulse of the city, so I decided to chat up with my cab driver on how the recent demonetization and withdrawal of Rs 500 and Rs 1000 notes is affecting him and the city in general.
I half expected him to strongly complain about the sudden move and how the common man on the streets is facing tremendous issues because politicians in far away Delhi has decided to clean up the black money. However, I was surprised to hear cab driver's positive opinion and subsequent praise he heaped on Prime minister Modi. In his half broken Hindi, which he spoke with great spirit, he informed me on the heaps of notes being burnt in Benguluru halli's, his 15,000 savings on hand that he is unable to use now, and his views on changing political dynamics of whole country because of this move.
The current surge of patriotism in our country is unmistakable. But have we committed a hara-kiri in pushing the fastest growing economy in the world in a tailspin of recession, unknown economic ramifications and political uncertainty. Lets have a quick look to analyze this.