Prime Minister Narendra Modi repeatedly asked people to give time till December 30th in his initiative to curb Black Money. But then, the cash crunch that followed after Demonetization is unlikely to get solved any sooner. Niti Aayog CEO Amitabh Kant himself is saying that the Cash Crunch will continue till mid-January.
But then financial experts say that mid-January is a very liberal estimation and the Cash Crunch is unlikely to get solved by March 2017. If that really happens, it will prove to be very costly for Narendra Mod politically as well. The government has to face the heat in Budget session as well.
The businesses are at all time low due to the Cash Crunch and certain sectors like Real Estate, Automobiles etc are hitting all time low. The incomes of the state governments are already tumbling. The entire economy will come crashing if the Cash Crunch gets to March.
