How bad is the cash situation really in India?

Been doing a lot of research lately into India. Pretty recently the government just demonetized the 500 and 1000 indian rupee. This is essentially getting rid of the $7 and $14 bills. According to a lot of articles such as this, only 20-25% of the country’s demand for cash is being met. Videos like this make it seem like a mess.

Is anyone currently living in India that can talk about the current situation? What it’s like being a digital nomad in a cash strapped society? Is it really all that bad?