ura ishi ▁said ▁demon et isation ▁could ▁lead ▁to ▁long ▁term ▁elect oral ▁re forms . ▁Indian ▁social ▁activ ist ▁Anna ▁Haz are ▁ha iled ▁demon et isation ▁as ▁a ▁" re volution ary ▁step ". ▁Form er ▁President ▁of ▁India ▁P ran ab ▁M uk her je e ▁wel com ed ▁the ▁demon et isation ▁move ▁by ▁calling ▁it ▁a ▁" bold ▁step ". ▁Chief ▁Minister s ▁of ▁several ▁Indian ▁states ▁like ▁Mam ata ▁Ban er je e , ▁Ar v ind ▁Ke j ri wal ▁and ▁Pin ar ay i ▁V ij ay an ▁have ▁critic ised ▁and ▁led ▁major ▁protest s ▁against ▁the ▁decision ▁in ▁their ▁states ▁and ▁in ▁parliament . ▁Initial ly , ▁the ▁move ▁to ▁demon et ise ▁and ▁try ▁to ▁h inder ▁black ▁money ▁was ▁appreciated , ▁but ▁the ▁manner ▁in ▁which ▁it ▁was ▁carried ▁out ▁by ▁causing ▁hard ships ▁to ▁common ▁people ▁was ▁critic ised . ▁ ▁A ▁Parliament ary ▁panel ▁report ▁in ▁April ▁ 2 0 1 7 ▁stated ▁that ▁rural ▁households ▁and ▁honest ▁tax pay ers ▁were ▁the ▁worst ▁hit ▁by ▁demon et isation . ▁It ▁said ▁that ▁it ▁was ▁not ▁just ▁the ▁poor ▁that ▁suffered , ▁but ▁the ▁manufact uring ▁sector ▁was ▁impact ed ▁too . ▁According ▁to ▁the ▁panel , ▁demon et isation ▁created ▁significant ▁dis ruption ▁throughout ▁economy , ▁because ▁it ▁was ▁carried ▁out ▁without ▁prior ▁study ▁or ▁research . ▁An ▁Indian ▁National ▁Congress ▁led ▁opposition ▁which ▁includes ▁ 1 3 ▁political ▁parties , ▁opposed ▁the ▁government ▁on ▁the ▁issue ▁of