India is overly defensive. Despite its massive economic and military power, it does not respond to grave provocations (26/11, for example). It does not retaliate when attacked. It tolerates countless attacks on its citizens and affronts to its prestige.
The truth of the matter is that if India had to leapfrog into the 4th Industrial Revolution as it is doing today, then the journey would not have been possible without the kickstart of demonetization.