About 66% Indians support PM Narendra Modi's demonetisation move: Survey

Prime minister Narendra Modi on November 8 announced demonetisation of old currency notes of Rs 500 and Rs 1,000 as legal tender from the circulation which resulted in cash crunch across the country. Image Source:IANS/Amlan Paliwal

About 66% of Indians surveyed online showed support to prime minister Narendra Modi's demonetisation decision to curb black money, corruption and terrorism into the country, according to Nihilent Analytics.

Prime Minister Narendra Modi on November 8 announced demonetisation of old currency notes of Rs 500 and Rs 1,000 as legal tender from the circulation resulting in cash crunch across the country with sights of people standing in long queues outside bank branches and ATMs became common phenomenon.

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Nihilent Analytics is a global consulting and solution integration company acquired by Pune-headquartered IT outsourcing and services firm Nihilent Technologies.

Nihilent Analytics had recently conducted an online survey for a period of 15 days among teens and working professionals in two age groups- 20 to 30 and 31 and above. The survey was conducted among people from North, South, West and East zones of India.

Nihilent Analytics had conducted the survey in order to gauge people's articulated expectations as well as unarticulated aspirations and emotional connect on the subject of demonetisation.

In its online survey, the company asked questions to participants on whether the leadership is trustworthy to take this demonetisation decision to a logical conclusion and will it curb black money, fight corruption and reduce funding of terrorism and how the decision caused inconvenience to them.

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According to the survey findings of Nihilent Analytics, a majority of 66% of people showed support for Modi's demonetisation decision while 22% were against the move. However, 12% of the people were undecided about their stand on the issue, pointing out the need for more measures to engage with citizens.

When asked whether the leadership was trustworthy to take the demonetisation decision to logical conclusion, the participants showed strong trust in leadership. About 65% of people felt that leadership is capable enough to take it to completion while 21% felt that the leadership is not capable enough to take the demonetisation to logical conclusion.

Similarly, about 65% of respondents felt demonetisation decision will help reduce black money, fight corruption and reduce funding of terrorism while 18% surveyed showed negative sentiment.

The survey witnessed more positive sentiment on the demonetisation move among female respondents as compared to male participants.The findings showed that about 68% of women see value in the demonetisation move as compared to 65.5% of men.

Among the four zones of India, about 68.70% participants from West India are extremely positive about the government's demonetisation move followed by South India at 60.90% and East India at 60.30% and North India coming to last at 59.50% .

On asked whether the demonetisation has caused pains to them, about 40.50% participants from North India expressed that they are facing more pain than South India (39.10%) and East India (39.70%) zones of the country while only 21.30% participants from West zone said of experiencing pain.

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