Saturday 19 November 2016

The Indian Challenge - Demonetizaiton

Indian Rs. 1,000 and Rs.500 currency demonetization is an epic exercise. The figures are mind blowing and the only nation that can claim to be more complex is China.

Study of Indian Population, Banking Infrastructure and Deposits available was carried out to comprehend difficulty of undertaking Demonetization exercise by Indian Government since November 8th, 2016.

The outcome below is not a report but to understand the gargantuan assignment undertaken by Government of India. 

I hope the shift is quiet and less painful as day’s move away from November 8th, 2016.

The population of 1.209 billion considered is the 2011 census. The number of ATMs, Deposit details, Reporting offices (i.e. branches) is based on Quarter 1 (2016-17) data obtained from Reserve Bank of India (RBI) website.

Overall Facts:

All India
Numbers
States and Union Territories
36
Population (2011 Census)
1,209,909,538
Reporting Offices
134,014
ATMs
215,029
The problem of complaining will come at places where ATM to population ratio is very low i.e. ATM available to individuals in the state. Similarly is with Reporting Offices / Population i.e. branches available to individuals in the state. 
This will help in identifying the states with pain due to demonetization.
Demonetization Pain Index
States
2011
ATMs
ATM /
Reporting
Reporting
offices /
Pain
Population
(Millions)
Population
Offices
Population
Bihar
103.80
7,675
13,525
6,427
16,151
High
Uttar Pradesh
199.28
19,143
10,410
16,115
12,366
High
Manipur
2.72
305
8,924
150
18,145
High
Jharkhand
32.97
3,712
8,881
2,836
11,624
High
Assam
31.17
3,645
8,551
2,196
14,194
High
Chhatisgarh
25.54
3,068
8,325
2,334
10,943
High
Tripura
3.67
460
7,981
421
8,720
Moderate
West Bengal
91.35
11,680
7,821
7,675
11,902
High
Rajasthan
68.62
8,875
7,732
6,745
10,174
High
Meghalaya
2.96
387
7,659
321
9,234
Moderate
Madhya Pradesh
72.60
9,777
7,425
6,218
11,675
High
Mizoram
1.09
154
7,085
167
6,533
Moderate
Odisha
41.95
6,307
6,651
4,579
9,161
Moderate
Nagaland
1.98
302
6,558
152
13,030
High
Arunachal Pradesh
1.38
223
6,200
144
9,601
Less
Jammu And Kashmir
12.55
2,377
5,279
1,712
7,330
Moderate
Gujarat
60.38
11,625
5,194
7,366
8,198
Moderate
Andhra Pradesh
49.39
10,456
4,723
6,552
7,538
Moderate
Maharashtra
112.37
24,829
4,526
11,927
9,422
Moderate
Lakshwadeep
0.06
16
4,027
13
4,956
Less
Haryana
25.35
6,496
3,903
4,567
5,551
Less
Uttarakhand
10.12
2,613
3,872
1,974
5,125
Moderate
Himachal Pradesh
6.86
1,799
3,816
1,511
4,543
Moderate
Punjab
27.70
7,398
3,745
6,118
4,528
Moderate
Kerala
33.39
9,093
3,672
6,208
5,378
Moderate
Karnataka
61.13
16,929
3,611
9,630
6,348
Moderate
Telangana
35.29
10,036
3,516
4,875
7,238
Less
Andaman & Nicobar Islands
0.38
112
3,392
64
5,937
Less
Sikkim
0.61
183
3,321
128
4,748
Less
Tamil Nadu
72.14
23,728
3,040
10,052
7,177
Less
Dadra Nagar Haveli
0.34
130
2,637
54
6,349
Less
Puducherry
1.24
514
2,421
232
5,364
Less
Daman & Diu
0.24
111
2,188
47
5,168
Less
Delhi
16.75
9,070
1,847
3,444
4,864
Less
Goa
1.46
1,021
1,428
662
2,202
Less
Chandigarh
1.05
780
1,352
398
2,650
Less
Indicators:
ATM / Population : Population dependent on one ATM
Reporting offices / Population : Population dependent on one Branch

Data Sources:

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