Asia InsightModi emerges unscathed from demonetization shock
Despite economic toll, Indian prime minister solidifies his power base
Indian Prime Minister Narendra Modi's decision last November to cancel 500- and 1,000-rupee notes sparked a nationwide cash crunch.
KIRAN SHARMA and YUJI KURONUMA, Nikkei staff writers
November 7, 2017 16:45 JST
NEW DELHI -- "November 8 is a sad day for India." With these words to reporters on Oct. 30 Rahul Gandhi, vice president of the Indian National Congress, set out plans for a nationwide protest against a decision by Prime Minister Narendra Modi that threw the country into chaos.