So... the WTFitude on this one is still catching up with me. I linked it because this floated up this morning and I had to say what what what? a few times.
Apparently a billion people are having a much worse time than we are, Trump and all.
- Three people died while standing in queues, three more killed themselves and one tried to set himself ablaze in Ghaziabad over the last 48 hours as frustration mounted in people unable to access their own money.
The six deaths occurred over Monday and Tuesday, three in Uttar Pradesh and one each in Bihar, Telangana and Gujarat.
In Ghaziabad, Ram Mehar Singh Yadav, a farmer who could not visit a doctor because he had no cash, tried to set himself on fire at a branch of Sahkari bank in Muradnagar on Tuesday. He was stopped by other customers who saw him dousing himself with kerosene. Bank officials exchanged his Rs 2,000 in cash and sent him home.
In Gujarat’s Surat district, Indira Modi (22) died in a private hospital on Tuesday after consuming pesticide at her residence in Varachha, in Gujarat’s Surat district, on Monday. She also administered it to her one-year-old son, but he survived and his condition is said to be improving.
Police said the woman ended her life after an argument with her husband because he could not give her more than Rs 300 for household expenses.
Life in India generally is... in a very general sense, about 5-10 years behind what the West is experiencing, in terms of livelihood and technology, depending on which part of the country/city you are in. The second part of your question is quite subjective to which part you would want to know about. Not all stereotypes are true, but most are.Do you think people in the West, or on Hubski have an accurate idea of what life in India is like?
It's not entirely an open-ended experiment. This has been done previously I hear. Although this time, the scale is massive. In Soviet Union (1991) [In India (1946 & 1978)](http://blogs.timesofindia.indiatimes.com/cash-flow/demonetization-in-1946-and-1978-stories-from-the-past/)
It is a big deal to have this to have happened now and not before 2008, which would have got India to the same boat as many other developed countries. It is not as panicky as it is been reported in the news, even the national media is going haywire with it. Most of the newspapers are exaggerating events. I have traveled about 100+ km (~60mi) in the last two days. I've seen a lot of lines going into banks and ATMs. However, all services are much better than normal, only slower due to the volume.
Being an urban 21-year-old, I do most of my transactions on petty cash for some meals and snacks. Otherwise, for some drinks and most other services I always present them with some form of virtual currency. I hold a debit card, along with PayTM account - the amazing PayPal of India wallet - for completing transactions over Rs. 300 (~$5). I haven't felt any extra heat about the deficiency of cash with me. They only time I stood to use an ATM, after the announcement, was when my parents were traveling to a small pilgrimage, for which they wanted some emergency cash that they could carry with them. My mother and I went to the neighborhood ATMs which were either not functioning, without any cash available, or already having a long line of people. It was for my good luck that I found an ATM that was just being loaded. I was the 4th person to get into the ATM, later grew to a 40+ person line. But otherwise, I frequently see long lines of more than 50+ in front of any functioning ATM, where ever it may be. Sure, the lines are long, there's no need to panic unless you need a certain amount of cash urgently, which is rare. I can hardly rationally think it through why so many urban dwellers need cash. The long lines to the banks are also unprecedented as the deposition of 500s and 1000s can be done later when the lines are shorter. Until then we can use the demonetised units at the applicable counters, such as gas stations and grocery stores. I like the intention of the government. I'm looking forward to the policy changes (GST and UPI) that would ensure that this step would not need to be taken anytime in the future. Only with such policy changes can the objectives of this exercise be met. So my opinions are reserved until the next budget, March 2017.