Most of the people in India are doing cash transactions. This decision created lot of troubles to common man and still now the situation is worst. There is no cash in atms and banks also don't have enough cash for withdraws.
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All the people I know in India are in the fairly well off middle class bracket. I checked in with a few of them before writing this post and many of them have altered their spending habits so they don't run out of cash. If they have to do this, I can't imagine how much change a man who exists hand to mouth is doing. It seems from the outside, a very ill thought out move whose consequences could be dire.