Modi’s new strike against black money backfires3 min read 16 Nov 2016, 10:58 AM IST
What's changed in a week? Well, for one, it's become clear that the government was simply too cavalier in its planning
One week after India’s sudden declaration that Rs500- and Rs1,000 notes were no longer legal tender, the economy is in chaos. And that’s perhaps because the policy was designed as much to shock and awe observers with the government’s command of the Indian economy as to control India’s “black money" problem. What seemed at first to be a masterstroke by Prime Minister Narendra Modi now looks like a grave miscalculation.
Select your Category