Since Modas Modi took office as Indian Prime Minister in 20 14, a series of economic measures, large and small, have been taken, among which the first one is the banknote waste order in 20 1 1 and the reform of goods and services tax in July this year.

After the big move, some people saw the hope of India. For example, on September 18, Deloitte released a report saying that in the next 20 years, with its huge demographic dividend, India will promote the third growth wave in Asia and become the new engine of Asian growth.

However, the Indian economy has recently experienced a serious crisis after Modi's reform. Among them, the surge in unemployment rate is the most prominent problem, and the order of abolishing banknotes aimed at cracking down on "black money" is also regarded as helping money laundering.

Three years ago, when Modi came to power, he promised to restore the dignity of the poor and middle class in India by solving the gap between the rich and the poor. The core of his policy is to create employment opportunities. But now, after a series of major reforms, the employment situation in India has further deteriorated.

Recently, the data of TeamLease Services Ltd, India's largest headhunting company, shows that compared with last year, India's manufacturing industry will lay off 30%-40% employees. Modi is also drifting away from the goal of creating100000 jobs every year.

According to the economic data report of the second quarter of this year released by India's official statistics bureau at the end of August, the growth of manufacturing industry slowed down sharply, from the growth rate of 10.7% in the same period last year to10.2%, resulting in the year-on-year growth of India's GDP in the second quarter of this year of only 5.7%, far less than the previous forecast of 6.5%, since the first quarter of 206543 1 year.

After Modi came to power, he took a series of measures to narrow the gap between the rich and the poor in India. However, after the abolition of paper money and tax reform, the life of ordinary Indians has become more difficult.

Even so, Modi's government remains optimistic about the Indian economy. Because India's high savings rate provides funds for investment, a record $400 billion in foreign exchange reserves provides a buffer against external shocks and increases financial funds by fighting corruption. ...

Secondly, if 99% of the notes of 500 rupees and 100 rupees are returned to the bank, it means that "black money" has been "washed white".