The world is waiting to see whether India’s surprise move in late 2016 to “demonetize” its economy will unleash the country’s latent output, productivity and prosperity. Journalist Pramit Pal Chaudhuri provides a succinct analysis of the experiment’s ripple effects on India’s huge informal sector and how they might boost Prime Minister Narendra Modi’s chances of a second term. getAbstract suggests this information-packed report to financial policy makers, business executives and investors watching the Indian economy.
In this summary, you will learn
- Why Prime Minister Narendra Modi “demonetized” certain Indian currency notes,
- What impacts the move has had on the Indian economy and
- How future fiscal changes will affect the country’s informal sector.
About the Author
Pramit Pal Chaudhuri is the foreign editor of the Hindustan Times, an Indian newspaper.