Modi Set to Face Fallout From His 50-Day Cash Promise to India
- Failing to meet deadline will hurt his image, dent credibility
- State elections set to be real test of any cash ban blowback
Deposit Deadline Looms for Banned Indian Cash
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Short of a miracle, India’s prime minister Narendra Modi will fail to meet his own 50-day deadline to restore order to the country’s economy and ease the hardship faced by ordinary citizens following the chaos of his sudden currency ban.
In an emotional plea to citizens following the withdrawal of 86 percent of the currency in circulation in a bid to target corruption, Modi promised the inconvenience would all be over by December 30.