Those who say demonetisation is good in the long run should recall the quote: ‘In the long run we are all dead’. -Dr. Manmohan Singh (Former Primer Minister, Economist) November 11, 2017| The monumental action by the government of India to scrap Rs.500/- and Rs.1000/- currency notes from the country on November 8, 2016, recently completed one year. The decision initially hailed as a masterstroke … Continue reading Why demonetisation failed? Celebrating one year of the historical Indian debacle.
Demonetisation per se, as per recent economic statistics, has turned out to be a regressive step. As most of the observers seem to agree, it was a failure in relative to the costs it imposed on the country and its people. The whataboutery of the government as to what this regressive step might manage to achieve in the future remains a distinct possibility, something that … Continue reading India’s monumental failure: Demonetisation