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One month of demonetisation: Short-term pains will pave way for long-term gains, says PM Modi

PM Modi called the move a “historic opportunity” for India to embrace “cashless payments and integrate latest technology in economic transactions”

By: Express Web Desk | New Delhi | Updated: December 8, 2016 8:10:54 pm
Modi, PM Modi, Demonetisation, Modi on demonetisation, demonetisation modi, modi tweets, modi news, demonetisation news, india news PM Narendra Modi. (File/PTI Photo)

One month after he announced the decision to demonetise high-value currency, Prime Minister Narendra Modi Thursday thanked people for “wholeheartedly participating” in the “ongoing yagna against corruption, terrorism and black money”. In a series of tweets, Modi spoke about the benefits of demonetisation and said the country has a “historic opportunity” to embrace increased cashless payments. Reinforcing the government’s stance that this move will benefit the country’s economy in the long run, Modi said, “I always said that the government’s measure will bring a degree of inconvenience but this short-term pain will pave way for long-term gains.”

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The prime minister further said the government’s decision to demonetise high currency notes will result in “several gains for farmers, traders, labourers, who are the economic backbone of our nation,” adding that, “No longer will the progress and prosperity of rural India be curtailed by corruption and black money. Our villages must get their due.”

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Calling the move a historic opportunity for India to embrace cashless payments and integrate latest technology in economic transactions, Modi said the youth of this country are agents of change who will make India corruption free and ensure more cashless transactions.

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PM Modi said, “Together, we must ensure #IndiaDefeatsBlackMoney. This will empower the poor, neo-middle class, middle class & benefit future generations.”

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