Demonetization: Advantage India’s Youth

demonetisationAnil Pharande, Chairman, Pharande Spaces

Accommodation Times News Service

Digitization is the future – but until now, it had been the Indian government itself that stood against the future by encouraging cash payments and levying heavy charges on digital marketplaces. Invariably, the merchant discounts rate (the fee that is supposed to be paid to the banks) was passed onto the end customer. However, under the current Modi establishment, things have begun looking brighter. 

The announcement of demonetization of high-value currency notes certainly came as a shock to the masses, but it seems that people have not only understood the reason behind the move but are also offering full support to this change. This is especially true for the younger earners and spenders in our economy. There are several favorable aspects to the younger generation that makes demonetization a welcome move at this point in time for our economy.

Firstly, the current generation is by and large rejecting many of the concepts that the previous generations believed in. Things like hoarding of assets, black money and tax evasion wherever possible are by and large unacceptable to the young contributor to the economy today. In fact, just the opposite.





Similar Articles

Leave a Reply

Top