Kaushik Basu Quotes

Unemployment is high and the informal sector is in shambles, a crisis precipitated by the ill considered demonetisation decision taken in 2016.

Even if RBI opposed demonetisation, the government would have gone ahead with it. The originally stated targets of note ban are fighting black money, fake currency and corruption. None of these is going to be solved out of the demonetisation exercise. Tell me how? Anytime you do this, it will hurt the common man only.