Demonetization has nothing to do with corruption

Corruption happens because government has created too many rules and regulations. People are forced to take permission for small actions they take. Bribes have to be paid to government.

• India has a rule that car driver must wear seat belt. Now, whenever a policeman catches someone not wearing seat belt, a bribe of about ₹100 is paid quietly. Why did Indian government pass the rule that car seat belt is mandatory?
  India could have educated drivers; it could have recommended the same. But education and recommendation don't bring bribes. It is driver's life. He should have the freedom to decide whether he wants to wear a seat belt or not. By stealing the rights/freedom of citizens, the government gets its power and bribes.
• India has a complex set of rules regarding taxation. So if Income tax official calls / visits you, the official can easily find some rule that has been broken to pay lesser tax. So Indians quietly pay bribes to income tax official
  E.g. If you purchase a house in Mumbai, you will get a notice from Income tax. You will have to pay a bribe of few hundred thousand because every one knows that no real-estate transaction is possible without a percentage being paid in cash.
  If India did not have any income tax, but instead just had a transaction tax (10% on cash withdrawals and 1% on electronic transaction); then there would be no income tax department. There would no bribes paid to income tax officials. The government would still get its revenue. By creating income tax rules, the government has ensure bribes are paid.

Indian government says that the goal of demonetization is to reduce corruption. If corruption was really the goal, Modi would reduce rules and regulations. Demonetization will not achieve the goal of reducing corruption. So demonetization is a farce.

India is a corrupt country; but a child is not born corrupt. If a infant, born in India, is taken to New Zealand (a country with minimal corruption) at birth; will the child grow up to be corrupt person?
People are not corrupt by birth. They learn that to survive and thrive in a corrupt environment, they learn to give and take bribes.
The more rules and regulations in a country, the more corrupt it is. Reducing rules and regulations essentially pulls the rug under the feet of corruption.

Modi would be a fool if he doesn't knows this. His goal was never to reduce corruption with demonetization. The real reason for demonetization is something much different.