India boasts of an extraordinaire economic history, where anything you explain about the country, the opposite also stands true. Continue reading India or a land of mystery- What is it exactly?
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 of India, 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 … Continue reading What is demonetization? Why did demonetization fail in India?
Demonetisation, in simple words, a process of stripping a currency unit of its status as a legal tender, 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 … Continue reading Demonetization in India