The benefits of the government’s demonetisation policy should be evident by now, two years after the shock announcement that the bulk of the country’s bank notes were being withdrawn. But the promised gains haven’t materialised and the positive developments that have resulted from the policy have been small when set against the damage it caused to incomes and output.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services