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AwareMonk , Official account of AwareMonk Dec, 05 2016

13% of the Demonetisation supporters now oppose it!



India has completed almost one month of Demonetisation! There seemed to be a huge support for the same, to an extent that those who opposed it were either termed money hoarders or anti nationals. However we sensed a change in mood of the country after about 2 weeks of demonetisation.

The polls which were conducted on Twitter and AwareMonk were collated and analysed and from the 1,74,230 people participating in Twitter polls and 800 participating on AwareMonk there was an evident dip in support for the Demonetisation.


The polls were divided into 2 segments and while 8th Nov to 18th Nov 86% (weighted avg.) people participating in the polls were pro Demonetisation there was a dip of 13% (resulting only 73% people supporting it) on Twitter. A similar trend was noticed on AwareMonk as well wherein a drip of 11%, from 79% to 68% (weighted avg.), was noticed.


Though the majority still supports demonetisation but as soon as the traders were hit there was a ripple effect on the consumers and suppliers (majorly farmers). From the feedback we gathered the poll takers mentioned they were now spending less time in Bank and ATM queue yet they had expected the questions to vanish in 15 days, thus the increase in distress.

India has completed almost one month of Demonetisation! There seemed to be a huge support for the same, to an extent that those who opposed it were either termed money hoarders or anti nationals. However we sensed a change in mood of the country after about 2 weeks of demonetisation. The polls which were conducted on Twitter and AwareMonk were collated and analysed and from the 1,74,230 people participating in Twitter polls and 800 participating on AwareMonk there was an evident dip in support for the Demonetisation.The polls were divided into 2 segments and while 8th Nov to 18th Nov 86% (weighted avg.) people participating in the polls were pro Demonetisation there was a dip of 13% (resulting only 73% people supporting it) on Twitter. A similar trend was noticed on AwareMonk as well wherein a drip of 11%, from 79% to 68% (weighted avg.), was noticed.Though the majority still supports demonetisation but as soon as the traders were hit there was a ripple effect on the consumers and suppliers (majorly farmers). From the feedback we gathered the poll takers mentioned they were now spending less time in Bank and ATM queue yet they had expected the questions to vanish in 15 days, thus the increase in distress.

Rohit pande , Have a view on many things but happy to thras Dec, 05 2016


Lets break up the issues at hand

1. The difficulty in getting new currency for common people

2. The first effects of slowdown, informal sector jobs going and risk of further job losses

3. The ease with which money has been laundered by black marketeers hence not creating the initially imagined pain for rich people

4. The wake up call from the idealism of a corruption free society as the reality sinks in

5. The shifting goalpost to cashless and the views of people on this goal

Lets break up the issues at hand1. The difficulty in getting new currency for common people2. The first effects of slowdown, informal sector jobs going and risk of further job losses3. The ease with which money has been laundered by black marketeers hence not creating the initially imagined pain for


Rohit pande , Have a view on many things but happy to thras Dec, 05 2016


6. The missing black money as more and more cash gets deposited in the bank wrt the circulating bank notes demonetized


7. Sinking jn of the differences between - Drastic income inequality vs Drastic black money vs Drastic economic surgery