A decade after demonetisation, has India really tackled black money and corruption?
- Demonetisation was announced on November 8, 2016, with promises to curb black money, corruption, fake currency and terror financing.
- • A decade later, ₹500 notes still account for 85.5% of India's currency value, according to RBI data cited by Scroll.
- India's Corruption Perceptions Index ranking moved from 94 in 2013 to 91 in 2025, showing little change.
- The report also flags persistent concerns around money laundering, terrorist financing and the use of cash in elections.
Source: scroll.in
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