These days there is a lot of media coverage being given to the negative impact of demonetization. Stories are in the air about how people are suffering. The long lines and hours of waiting. That common man has become a scapegoat due to this. That it’s a hasty decision, a wrong one in fact, and nothing good would come out of it.
The supporters of demonetization are relegating all this as politically motivated. But it is one side of the explanation of this resistance. The other, more powerful explanation is people’s apprehension to change. They think that demonetization will change the way they are used to be working. That this will cause them discomfort & will cause a lot of inconvenience.
And this, even though true to some extent, is ignoring the more powerful underlying narrative, that if we want to grow as a country, we must accept change.
Change is unavoidable. ‘
It is, in fact, the very essence on which the premise of the life on this planet is based upon. Everything around us changes. Our bodies change as we age. The seasons change from summer to winter. Our circumstances shuttle from good to bad to good again. Being static is stagnating. Stagnating is equivalent to dying.
Yet, in spite of knowing this fact, we resist change. We try to hold onto the present as a young child resist being away from her mother on the first day of the school. Change scares us. It makes us exposed to the uncertainty. And we hate uncertainty.
Look at the change that demonetization has brought along.
We are used to drawing cash as per convenience. We are used to a certain autonomy in our cash transaction. We buy gold and property without bills. We all have done this. It makes us life easy, helps us cut the corners, a little. Demonetization and other linked steps are changing all that.
But it is the same loopholes that are hollowing our economy from inside. Politicians and businessman hoard black money in the name of saving tax. The black money then rips government of its earning which reflects in higher taxes and sluggish infrastructure growth. A substantial part of black money goes into supporting the terrorism in our country. Which in the end effects us all.
And all this why, because we fail to embrace changes.
We can’t grow unless we change. Impact of demonetization
It is these changes that we must accept. We must embrace. For without these changes, we would never grow. Make a list of all the time when you were really happy, when you’d felt a sense of achievement. What was the tipping point for these achievements? What is the common theme connecting all of these times.
It is your willingness to accept the change.
Be it your first day of school, or the first time you decided to give up that speech. Or the exam you thought was very difficult to crack. The new city you moved in for your first job. Or the time you shed your doubts about the girl you think love and decided to give her a commitment.
All this involved a shift in our perspective. A few steps out of our comfort zone. In short, a willingness to accept change.
Yes, demonetization will change some of the current reality. We might have to visit ATMs and Banks more often.
We might have to plan our cash spending more frugally. We will have to adopt plastic currency and technology like paytm. We might have to do all this and more. All of these are short term changes that we must all accept.
And some of the effects are already coming up. Interests rates are coming down. Property prices have taken a plunge. Millions of cash has been declared by people who were earlier hoarding the cash. Rs 5.12 trillion has been deposited to the banks since the time demonetization has come into effect.
These are but first of many more to come.
We have to see the intent of the current government and our honorable Prime Minister. It is a noble one. We have to support him in this time of need. He has come out the comfort zone to take this step. He knew there will be tactical challenges in execution. He knew there will be opposition. He could have not done all this and continued like most of the ministers can do.
But he chose to take this action.
So, we must support him too, and make the current generation proud of us, that we bore the burden of this change, to make their life corruption free.
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