BBC is right in its analysis, this measure only targets 20% of Indian wealth. The richest 5% owning 80% of Indian wealth are at ease, only poor and middle class troubled. Moreover this 20% money will be available to them as cheap loans. The total money owed by big corporates in India is way bigger then this parallel black money. Also the person Rajan who was planning to reign this loans is forced out of office.

Modi is Indian version of Donald trump building Great Wall across India against corruption in media.

A normal Indian will never know that black money outside of India far outweigh anything in Indian homes.