>> Had ordinary people being inconvenienced as some stories in media and reports suggest BJP would have become a political pariah.
Chalk it up to the successful propaganda by the party. Anybody against it was either a corrupt/black money hoarder or unpatriotic or both.Nobody wanted to be labeled that with the growing nationalism. Of all the leaders of corporate houses only one spoke out against demonetization.
>> This has reduced bank lending rates. Banks are offering housing, business and other loans at a lower rate.
Yes, a major side-effect of this is that banks flushed with cash can show a reduction in NPAs(which is a major crisis India's banking sector is grappling with), and can freely lend again, which will lead to more NPAs down the line.
