Praveen Chakravarty, Senior Visiting Fellow, quoted on the cash ban affecting small businesses in India, in an article carried by Consumer and Society. Excerpts below:
"India has over 100 million small firms which are estimated to account for 40% of its economy and approximately 8...
Rajya Sabha member, Rajeev Gowda, has an interesting rebuttal to S. Gurumurthy's explanation on GDP growth during the 2004-09 period. He writes:
"In essence, the story that black money induced rising asset prices which led to high GDP growth with no jobs is a phantom one, devoid of any...
Harvard professor Gita Gopinath speaks about the demonetisation move and and its implementation in this interview with CNBC 18. She says:
"I am in favour of the principle of moving to a low cash usage economy. The harder thing to swallow is this rather dramatic overnight making 86 perc...
Montek S. Ahluwalia, in this Livemint article, explains why demonetisation is only a piece of the puzzle to tackle corruption and black money, and is likely to have an adverse effect on GDP and low-end employment. Moreover, Ahluwalia advises several steps to significantly improve the proce...
Vivek Dehejia, Resident Senior Fellow at IDFC Institute deconstructs the debate on government's demonetisation move by separating facts from fiction.
"First, given that the old 500 and 1,000 rupee notes are being replaced with new 500 and 2,000 rupee notes, what is involved is, i...
Vivek Dehejia is quoted in a BBC News article on the macroeconomic impact of scrapping Rs 500 and Rs 1,000 notes by the Indian Government. Dehejia says:
"India now operates under a monetary policy regime known as inflation targeting. If a portion of the stock of currency in circul...
