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India's Downward Spiral Accelerates: "The Real Pain Is Just Beginning"

India's Downward Spiral Accelerates: "The Real Pain Is Just Beginning"

Submitted by Jayant Bhandari via Acting-Man.com,

India’s Prime Minister Narendra Modi announced on 8th November 2016 that Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes would no longer be legal tender.

Sadly, the despondency visible in the old man’s facial expression has become a widespread phenomenon since the currency ban, particularly among India’s poor