It’s been 9 months since the announcement of demonetization of Indian rupees 500 and 1000 and still, it is one of the most debated and discussed the topic in the Indian political and social arena. This single government decision touched all from rich to poor, educated to illiterate. As this decision touched people from all walks of life everybody has their own views and opinion about it. Whether demonetization in India is boon or bane? It’s a question of the hour. For some, it is a bane, especially for those who stashed millions under their bed or in some bunker. All these black money launderers and criminal must have got a clear message that their hegemony is over. There is a leader who will knock them off for the betterment of society.
On another hand, few political parties (you know which are they ;)) trying to put a negative connotation to the whole demonetization campaign. They do have some correct points like implementation could have been better, the government switched campaign claims from controlling black money to cashless society. But even that things turned out to be good. We Indians are embracing cashless transactions, now we are kinda pro with e-wallets and net banking.
There are always two sides to the coin, good or bad, boon or bane, pros and cons whatever you call it. As you are here, you must be preparing for your GD round in your placement effort. Demonetization is the hottest topic in India, so there are huge chances that you might get this topic for group discussion in the interview process. This is a hot topic in school and college discussion forums and competitions too. So, let’s get started.
Group Discussion on Demonetization in India
Here we are trying to give you points in favor and against the topic. You can comment with your opinion on the topic in the comment box.
Points in Favour of demonetization/ Advantages / Pros
1. Support from Citizens
Demonetization is one the strongest and riskiest decision taken by the Indian government in a long time. This proves the mettle of leader, his risk-taking capacity and ability to tackle difficult issues. With this demonetization campaign, PM Modi proved his mettle. The success of recent Maharashtra elections proved that even after so much of talk about it BJP as party win over Maharashtra election and swept Congress party completely. This hence proves that people of India support Narendra Modi decision of demonetization.
2. Marketing Skills
Yes, it is true that Prime Minister Modi first said this has been done to control the corruption and the black money, but later changed the direction towards a cashless society or less cash society. Whatever it is but even putting off earlier strategy and promoting the cashless society worked for the country. It will be better for the Indian economy to have more and more electronic transfers, in the long term this is going to help control corruption in its own way. Indian people are now more comfortable with e-wallet and net banking transactions than before. Now you will see the Sabjiwala’s, Rikshaw walas and small grocery store owners accepting payment with Paytm, Mobikwik and even with government owned UPI BHIM App.
It’s not about the economics only, though demonetization was one of the biggest financial decision ever made in recent Indian history. (One of such decision was Globalisation of Indian economy in 1991). Take out the problems, achievements, hurdles and political drama out of this decision and think from the leadership point of view. It takes a big heart and guts to take such big decision which supposed to impact each citizen of the India. Prime Minister Modi is an educated risk taker as well as a big decision maker. When you run your country you also need to think like a businessman. And one who takes great decisions is a great businessman. We can say that Prime Minister Modi is the perfect leader for India right now who can take decisions and implement them.
Yes, there is a political side to it also. Just imagine if the whole of India denied the demonetization decision then the opposite parties could have taken the opportunity to come back in the game. Though the BJP and Prime Minister Modi aware of this political game still he took the chance, this was a big move. Eventually, it looks like Indians supported PM Modi’s decision at large, from this we can say that Mr Modi succeeded on political grounds also. Yet again he defeated his political rivals.
5. Foreign Investment
Demonetization sent a positive message to the International business community, they see this as a positive sign for business investment. On top of that GST will be simplifying tax structure for businesses. All in all, all this going to help to draw in more investment in India and eventually more job and development from it.
Against / Disadvantages / Cons
PM Modi asked for 50 days to normalise all the effect of demonetization but it took more that. People were standing in the queue for hours and some even died in the queue. Some were thrown out hospital because they had money in 500s and 1000s currency only. Many of us faced the problem of not getting change after shopping, if you have only 2000 Rs currency then it was quite difficult to get the change in return. I have faced the same problems, in a medical store my medicines bill was much less than 300 Rs. but it was necessary to spend at least 300Rs then only I could buy medicines. While traveling by local buses I was having 2000 Rs. note but conductor was not ready to give change and I had to walk 2-3kms that day.
2. Threat for P.M. Modi
As Mr.Modi creating a lot of problems for corrupts and mafia they might gang up to harm him. I think PM Modi is aware of these possible threats still, he once said in a public meeting that “he is not afraid of such goons”.
3. Burned Money
Many black money holders had no choice but to burn and destroy their black money to save themselves from this crime which caused loss of country’s economic growth. There could have been better ways to bring in that black in public treasury.
Yes, we can say that Demonetisation is a great step towards anti-corrupted India but this step caused many problems to middle/lower class people as they were standing in queues for hours, and faced several issues in making any transactions. This decision was initially said to be taken against corruption but the people who are responsible for corrupting their nation left out. Since they were having black money in huge amount had invested their money in land, foreign banks and in gold as well, which in fact did not create any trouble for them and they were easily escaped through this entire anti-corruption cycle.
5. Printing Money
New 500 and 2000 notes could have printed and distributed faster, this could have saved panic in the country. Same way bank took the time to calibrate their ATM machines for new notes.
Still, there are people who don’t believe in the vision of PM Modi, he gets cursed and ridiculed by those people who are not yet ready to accept the change and to be the change.
Tips for Group Discussion / GD Round
- You as GD participants should know that as the name says it’s Group Discussion, not Group Debate. A lot of candidates tried to prove each point of theirs and sometimes go crazy and shout at each other.
- Remember that HR or GD coordinator looking for your leadership, communication, a presence of mind qualities.
- While countering the point, you need to counter it with a relevant point, do not add in irrelevant point that you mugged up. You got to be in the game to win the game.
- Once get the topic, if you can initiate the discussion you might get a score for that. The industry is looking for people who can take initiatives.
- Sometimes you need to listen also. Listen, analyze point and counter the argument.
- Not everyone is born leader or initiator, in that case, try to be a good participant and try to put in your share.
- It’s not how many words you talk, it’s about how much impact you can make with those words.
Note: Kindly note point given in the in favour or against the topic are example only. These may not be authors or company’s views.
I hope this article will help you in your Group Discussion/GD. If you like our effort then you can appreciate our work commenting in the comment box below. 🙂