Context: After four years of demonetization, there are many benefits that are already visible and much more is expected to come in the long term.
Defined objectives of demonetization:
Positive outcomes of demonetization:
Some offshoots of demonetization: It pushed the government towards greater formalization of the economy.
Conclusion: Judgement of epochal policy decisions cannot be rendered instantaneously or in real-time. Hence, the benefits of demonetization will be realized in the long term.