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"The most striking feature of demonetisation was the breathtaking scale of the blunder. Given the fact that the move was undertaken without consultation with experts at any institutional level, the buck stops clearly with Modi.
While the trauma that the vast majority of Indians, especially the poor and the marginalised, experienced has been fairly well documented, its undermining of key Indian institutions has not been appreciated"

https://frontline.thehindu.com/cover-story/article26642768.ece

A terror strike

Narendra Modi’s demonetisation, unprecedented in global economic history, is likely to have fundamentally altered Indians’ expectation of stability of the national currency system and irreparably harmed the credibility of national institutions.