Emphatic Response to PM Modi’s Demonetization Decision
A survey was conducted by Inshorts in collaboration with IPSOS regarding the recent step by Prime Minister Modi to demonetise the Rs. 500 & Rs. 1,000 notes. The overall picture that the survey presented was a very encouraging one for the government as well as for the honest Indian who wants to see a corruption-free India.
In shorts is India’s highest rated news app while IPSOS is a global market & opinion research specialists. The survey got almost 5 lakh responses with the participation of a sizable 2,69,393 app users. The survey was termed ‘Pulse of the Nation’ & was conducted on the 8th & 9th of November.
As high as 82% Indians favoured the decision. Also as part of the survey users were asked if they felt that the government was serious in tackling the menace of corruption & black money to which 84% Indians responded with a yes – they agreed that the Modi government is serious on the issue.
Although 52% users disagreed with the decision to cap ATM withdrawals to a maximum of Rs. 2,000 daily (now raised to Rs. 2,500). This was understandable as the process was kept absolutely secret except for a few people who knew about it & hence the preparations had to be slightly off the mark.
“The survey clearly shows that majority of respondents hailed the demonetisation. The government’s strategic clampdown on black money & tax evasion has surely gone well with the young & urban India,” said Amit Adarkar, CEO of IPSOS India.
More than 80% of the people surveyed were below the age of 35 & belonged to one of India’s top 10 metros & cities – New Delhi, Mumbai, Bengaluru, Chennai, Kolkata, Pune, Hyderabad, Ahmedabad, Chandigarh & Lucknow.
Overall it is very clear that despite the difficulties in implementation, the decision is being very well accepted by Indians. This is especially true amongst the youth, & the poor as they have severely borne the brunt of corruption & black money over the decades.