At a time the entire opposition continue to create ruckus in Parliament over demonetisation and rural India continues to reel under cash crisis, Prime Minister Narendra Modi has received a big boosts from corporate giants.

Corporate giants and a majority of start-ups in India have extended their support to Modi’s demonetisation bid. Prominent among them are Tata Group interim chairman Ratan Tata and Mahindra Group chairman and managing director Anand Mahindra. Meanwhile, C-Voter poll showed a majority of startup firms are in favour of demonetisation.

Tata in a tweet said that demonetisation of old currency notes by the Modi government was a bold act that will wipe out black money and corruption. In his tweet, Anand Mahindra, said that apart from attacking black money, demonetisation was a significant move against counterfeiting and terror financing.

Demonetisation of old currency notes by the Modi govt is a bold act that will wipe out black money and corruption. It deserves our support

— Ratan N. Tata (@RNTata2000) November 22, 2016

Demonetization,apart from attacking black money, is a significant move against counterfeiting&terror financing. It deserves citizen support.

— anand mahindra (@anandmahindra) November 11, 2016

Meanwhile, in a survey conducted by social engagement platform, Local Circles, a vast majority of startup firms have termed the demonetisation decision by the Modi government a positive step in long-term.

Of 4,514 startup firms, 86 per cent hailed the demonetisation decision saying that it would have positive impact on start-up business in particular and Indian economy in general. 44 per cent of the respondents said that the Modi government’s decision would yield positive results in both short and long-term.