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Re:In Its Third Month, India’s Cash Shortage Begins to Bite by mdani on Wednesday January 25, 2017 @10:43PM (#13488517)
About 75,000 CR (roughly $10 billion) did not come back in circulation. I don't think this is a small amount (more so by Indian standards) so while the estimates for #1 were way off, there was something uncovered. Nobody knew in advance how much black money existed so it was a wild guess before this exercise anyway. So I don't think your #1 criticism is valid.

Source: http://indianexpress.com/article/business/economy/demonetisa...

Re:In Its Third Month, India’s Cash Shortage Begins to Bite by denzil_correa on Thursday January 26, 2017 @02:56AM (#13489552)
The question is about Return of Investment. Sure, amount X did "come back" but what amount Y did you spend to make that money come back? Was it worth it? Based on various analyses by experts, it does not seem worth it at all.