France 24 - India turns 75: looking back at its boldest single economic measure ever
Channel: The Bridge Tank
Date: 2022-08-02

On 15th August 2022, India is celebrating its 75th anniversary of independence. As it conveys lookbacks and retrospects, we believe it is worth looking at the 2016 de-monetization of Rs 500 & 1,000 notes and digitalization of bank accounts. A surprise shock as it was, targeting corruption and aiming at modernization both, it has remained so far the single-decision that outreached each of then 1.35 bn Indian citizens. Nearly 6 years down the line, it seems Modi has won his political and economic gamble … and gained some secondary effect has recent inflation could have been worse without. India turning 75, re-watch Joel Ruet’s 2017 analysis which still holds

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