How a Harvard economist can help us understand appeal of Modi’s note ban5 min read . Updated: 15 Mar 2017, 06:37 PM IST
The political success of 'notebandi' is inextricably tied to the growing problem of inequality in the country
Four months after one of the biggest economic experiments the country has seen in many years, the jury is still out on how far and in what way Prime Minister Narendra Modi’s currency-scrapping gambit (or notebandi, in popular parlance) has impacted the economy. However, the verdict on its political appeal has rung out loud and clear across several states that saw elections to their local bodies and assemblies. From Odisha and Manipur in the east to Maharashtra in the west to Uttar Pradesh and Uttarkhand in the north, voters in almost all corners of the country have flocked to Modi’s Bharatiya Janata Party (BJP) in greater numbers than before.