this was a wise decision and will help India in the long run, quite potentially. That it should have been done with more preparation though is something impossible to deny.
There's been no indication that this has been a good long-term decision; it's hardly done anything to solve the black money problem and formalize the underground economy. The changes were definitely not worth the short-term social and economic damage. That the Indian opposition to Modi has been so useless he's managed to come through is unscathed is really something.