One of America's top magazines has questioned the decision to note ban of Indian Prime Minister Narendra Modi. Magazine has claimed in its report that due to the disruptive use of the note ban on Prime Minister Modi, the economy of India has come to a halt.

It was also stated in the report that due to the cash-based economy of India, Modi's decision has been the biggest loss in the history of Indian economy.

Let me tell you that PM Modi announced the November 8 (2016) out of 500 and 1000 notes in the country.

Foreign Affairs Magazine quoted Writer James Crebatree in his latest edition, "The note ban proved that it was the most harmless experiment." Modi administration should now learn from his mistakes."

Senior research fellow Crebatree in Singapore's Lee Kuan Yu School of Public Policy NUS has been criticizing the note ban in India.

"The economic achievements of PM Modi are correct, but the change that has brought him growth has disappointed people in a way. The government has worked on a large scale for the note ban. He did not make much impact on the economy. Looking at the elections of 2019, the Modi government needs to learn from its previous step."

Crebatree further writes, "The truth is that in short intervals, the note ban of Modi is worthless in terms of growth. Last week, India released GDP data for the first quarter of 2017. This is the time when the note ban was most affected during this period."

It was further stated in the report that crores of people had to spend 500 and 1000 notes in cash machines and bank long queues. In the meantime, poor sections faced the most problems. Commercial activity stagnated in India's cash-based economy.

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