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India's Demonetization Drama, Explained

Frayed Nerves For Many, Tragic Consequences For Some
Frayed Nerves For Many, Tragic Consequences For Some

While those in the big cities, who were already exposed to digital money and related services, were able to go about with their lives without much trouble, the hard hit were those in the rural areas.

Also in trouble were workers in the large unorganized labor market in this hugely populated country, who are mainly paid in cash.
Another group who was badly affected were the pensioners, most of whom are oblivious to digital banking services, and hence keep large amount of cash with themselves to meet expenses.

Some unfortunate events also took place as the nation hoped to cleanse itself of 'black money' as some of those, especially elders, collapsed and died as they waited in queues at banks. Meanwhile, some people, especially farmers and small merchants, committed suicide as they feared their savings in cash were lost.