India boasts of an extraordinaire economic history, where anything you explain about the country, the opposite also stands true. Continue reading How do you explain India?
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