This short-term pain will pave way for long-term gains: Modi on demonetisation

Photo of India's Prime Minister Narendra Modi coming out of his official flight during his visit of Japan.

New Delhi: Prime Minister Narendra Modi today defended his decision of demonetisation and said that this move have long-term gains.

Prime Minister took to the micro blogging site Twitter and stated: “I always said that the government’s measure will bring a degree of inconvenience but this short-term pain will pave way for long-term gains.”

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“I salute the people of India wholeheartedly for participating in this yagna against corruption, terrorism and black money,” he said. “The decision has several gains for farmers, traders, labourers who are the economic backbone of our nation.

“No longer will the progress and prosperity of rural India be curtailed by corruption and black money. Our villages must get their due,” Modi said.

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