No it is not. There are locations where ATMs have run out of cash, but it does not look like an all-India problem that we faced during demonetisation.
While finance minister Arun Jaitley has called it a “temporary shortage”, some experts suspect Rs2,000 notes are being hoarded. Another reason being given is that the Reserve Bank of India (RBI) has not been printing Rs2,000 notes and aims to switch to printing lower denomination notes. Yet another explanation is that although the value of currency in circulation has grown, it has not matched nominal economic growth.
