Urban people didn't welcome note ban, villages did: Murthy
Infosys Co-founder Narayana Murthy has said, "The urban intellectuals didn't buy the idea of demonetisation but a vast majority of rural Indians seemed to have welcomed it." Murthy said he himself couldn't understand the logic behind demonetisation move since he is not an expert on the subject. Notably, 99% of the demonetised notes had returned to the banking system.