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" ... Well, yes, there is that. If there has been a specific political campaign to insist that Indian bank notes must be printed in India, on Indian paper, then however many bank notes India gets will be dependent upon the printing capacity of the indigenous Indian industry. Which does not appear to be large enough to handle remonetisation of some 86% of all cash in circulation. ... "
" ... “One of the efforts of this exercise has to be that even though a reduced cash currency could remain, our conscious effort… (is) to supplement the rest with a digital currency,” he said. Once the remonetisation process is complete, it will mark “the creation of a new Indian normal because the normal that existed for 70 years is an unacceptable normal,” he added. ... "