Human trafficking is the third largest organized crime after drugs and the arms trade across the globe. And India ranks third in world for human trafficking including 80% victims being women and children for prostitution and slavery.
According to Live Mint article, post demonetisation has affected human trafficking industry massively, it claimed note ban has halted Rs 20 trillions business of human trafficking as it became difficult to find any alternatives for cash transactions.
According to reports, the process of trafficking of women is usually completed by November, after which trafficked women and girls are transported across the country to be sold to brothels, placement agencies and as child brides. With Rs500 and Rs1,000 currency notes withdrawn since the 8 November demonetisation announcement and new currency notes in short supply, the trade has hit a dead end.
“Trafficking has stopped completely. Girls are usually trafficked from Guwahati in Assam and Jharkhand in the north and Chennai, Bengaluru and Hyderabad in the south. Over the last one month, not a single girl has been trafficked. This is primarily because there is no liquidity left. All transactions used to happen in cash and now employers have no money to pay the middlemen. All the money that changed hands till now is useless,” said Rakesh Senger, a child rights activist with Bachpan Bachao Andolan, an NGO.
According to Global March against Child Labour, a network of trade unions, teachers and civil society organisations, pegs the annual figure in India anything from over Rs 18.6 trillion to Rs 20 trillion.
“The movement of money is quick and creates a mirage for all players involved. Whenever possible individuals peripherally attached to the business, such as law enforcement, judiciary, doctors, and money lenders capitalize on the illegality of the trade.” Nobel Peace Prize winner Kailash Satyarthi said.
He also said “A 10-12 year old girl costs Rs5 lakh, while girls between the groups of 13 and 15 cost Rs4 lakh. These transactions are all done in cash, in black money. The brothel owners are now caught in a bind because they can’t convert this cash at the banks. Because the new currency is not readily available, clients have stopped going to brothels and the brothel owners have no money to pay the traffickers,”
With PTI inputs