‘Notebandi’ devastated economy, ‘votebandi’ destroyed establishment: Congress slams PM Modi

Congress general secretary in charge of communication Jairam Ramesh. File | Photo credit: Shiv Kumar Pushpakar

“Notebandi” has devastated the economy and “votebandi” is destroying the establishment, the Congress said on Sunday (Nov 08, 2026), adding that both are contributions of Prime Minister Narendra Modi.

Congress general secretary in charge of communications Jairam Ramesh shared a screenshot of a media report that claimed demonetisation was a disaster in 2016 and a major failure after 10 years.

In his post, Mr. Ramesh said, “Notebandi has devastated the economy. Votebandi is destroying the establishment. Both are PM’s contributions.”

On this day in 2016, Prime Minister Modi addressed the nation and announced the demonetization of high value ₹500 and ₹1,000 notes.

The Congress has been constantly attacking the Narendra Modi government on every anniversary of demonetisation, saying the “reckless” decision has broken the back of India’s economy and the country will not forgive the prime minister for this “monumental disaster”.

In the past, the opposition party called demonetisation a “monumental blunder” that failed to achieve any of the “gateway moves” that the Modi government had proposed as targets.

Published – 8 Nov 2026 16:20 IST