November 09, 2017

Demonetisation: Manmohan Singh To Modi - Time For Politicking Over, Let’s Rebuild The Economy

Visiting Senior Fellow at IDFC Institute, Praveen Chakravarty, interviewed former Prime Minister of India, Shri Manmohan Singh one year after the Modi Government announced demonetisation, in this Bloomberg Quint article.


"The impact of demonetisation on the weaker sections of our society and business is far more damaging than any economic indicator can reveal”


"...rising inequality has been a constant threat to our nature of economic development. Demonetisation may exacerbate such inequalities which can be harder to rectify in the future. In such a diverse country such as ours, inequality can prove to be a far greater social malaise than in other homogeneous nations."


"We are a nation of small and medium enterprises. It is unclear that these goals of cashless economy will indeed help small enterprises become larger and achieve scale efficiencies. That should be our priority. These small and medium enterprises are the backbone of India’s economy and labour markets."


Read the full article here.


You can also watch the summary of the interview at the link below:

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