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paper money is rendered worthless two years ago prime minister narendra modi stripped five hundred one thousand reaping notes of their value leaving millions of indians without their savings it was meant to tackle money laundering but lives and businesses were disrupted this textile factory in tamil nadu had to close for nearly three weeks its c.e.o. is still angry. over today if you get a. list of the words he s on. the made administration didn t just cancel common notes it also took months to replace them and then introduced a new tax on goods and services known as g.s.t. experts say it was necessary many complain of a haphazard rollout it was a double whammy for small businesses the years dever the rate of what we used to have a lot of clients at least two to three hundred in a city it was all in cash we were doing well. after the notes were cancelled and
the biggest election in history is underway nine hundred million indians are eligible to vote over the next month prime minister narendra modi and his hindu nationalist b j p a favorites modi was swept into office in two thousand and fourteen on promises of more jobs and a stronger economy and last year gross domestic product did grow by seven point three percent making india the fastest growing economy in the world but it s not creating enough jobs unemployment stands at over seven percent as you can see providing jobs is key as the population booms there are one and a half billion indians and that number is growing by fifteen million every year and the prime minister has run into some self-inflicted problems along the way. chaos at banks across india as almost all paper money is rendered worthless two years ago prime minister narendra modi stripped five hundred one thousand reaping notes of their value leaving millions of indians without their savings it was meant to