▁bold ▁crack down ▁on ▁cor ruption . ▁ ▁The ▁International ▁Mon et ary ▁Fund ' s ▁sp ok esp erson ▁Ger ry ▁R ice ▁told ▁that ▁it ▁supported ▁the ▁efforts ▁to ▁fight ▁cor ruption ▁and ▁illegal ▁fin ances ▁but ▁ca ution ed ▁about ▁the ▁dis ru ptions . ▁ ▁Chinese ▁state ▁media ▁Global ▁Times ▁pra ised ▁the ▁move ▁and ▁term ed ▁it ▁as ▁" f ier ce ▁fight ▁against ▁black ▁money ▁and ▁cor ruption ." ▁Form er ▁Prime ▁Minister ▁of ▁Finland ▁and ▁Vice - Pres ident ▁of ▁European ▁Commission ▁J yr ki ▁Kat ain en ▁wel com ed ▁the ▁demon et isation ▁move ▁stress ing ▁that ▁bringing ▁trans par ency ▁will ▁strength en ▁the ▁Indian ▁economy . ▁BBC ' s ▁South ▁Asia ▁Cor respond ent ▁Justin ▁Row l att ▁in ▁his ▁article ▁pra ised ▁the ▁move ▁for ▁its ▁secre cy . ▁Tim ▁Wor st all ▁term ed ▁the ▁demon et isation ▁as ▁welcome ▁macro e conom ic ▁effect ▁in ▁his ▁article ▁in ▁For bes ▁magazine . ▁Swedish ▁Minister ▁of ▁Enter prise ▁M ika el ▁Dam berg ▁supported ▁the ▁move ▁by ▁calling ▁it ▁a ▁bold ▁decision . ▁ ▁The ▁demon et isation ▁also ▁came ▁in ▁for ▁sharp ▁criticism ▁from ▁media ▁outside ▁India , ▁with ▁the ▁New ▁York ▁Times ▁saying ▁that ▁the ▁demon et isation ▁was ▁" atro ci ously ▁planned " ▁and ▁that ▁it ▁did ▁not ▁appear ▁to ▁have ▁comb atted ▁black ▁money , ▁while ▁an ▁article ▁in ▁The ▁Guardian ▁stated ▁that ▁" Mod i ▁has ▁brought ▁hav oc ▁to ▁India ". ▁The ▁Harvard