Posted inIndia, South Asia

Indian economy headed for structural breakdown

On November 8, India marked the third anniversary of demonetization, the single biggest monetary experiment in human history to curb black money. Prime Minister Narendra Modi surprised India and the rest of the world with the announcement that 500- and 1,000-rupee banknotes would no longer be legal tender. Overnight, more than 86% (US$206 billion) of […]

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