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A means to an End?

First Edition

July 2017 | 224 pages | SAGE India

On 8th November 2016, India was caught unaware and shaken to its very roots, when the majority of the currency in circulation became stripped of its value. People were grappling with an entirely unfamiliar situation - 'demonetisation'. The move unleashed a huge debate on television, in newspapers, and on social media, the likes of which had never been seen. Several months later, we are still questioning: Was this a disastrous blunder or a leap forward?

To answer these questions, a renowned economist takes an incisive look at the events that led to demonetisation, the aftermath, and its implications. He sifts through many irrelevant rants, a lot of politically motivated mud-slinging, and asks the most important question: What now, what next?

Foreword by Shyam Saran
Public Revulsion against Corruption in India
Black Money: A Key Facilitator of Corruption
The Argumentative Indian Overreaches Himself
Shortfalls in Achieving the Main Objectives
Gains from Unexpected Directions
A Seven-point Programme to Achieve a Corruption-mukt Bharat
Making India Number One Again
Annexure 1. Q&A on Demonetisation
Annexure 2. The Speech of Prime Minister Modi on 8 November 2016 on Demonetisation
Annexure 3. Demonetisation Episode Shows Why Reserve Bank of India Cannot Be Independent

An Economist looks at the events that led to demonetization, the aftermath and the implications.

Business Line, 26 March 2018

Ramgopal Agarwala

Dr Ramgopal Agarwala is Chairman of Pahle India Foundation, New Delhi. Dr Agarwala graduated from Presidency College, University of Calcutta, and was a gold medalist in MA Economics. He did his PhD in Econometrics from Manchester University. His thesis was later published in the form of a book An Econometric Model of India that became a staple read in Indian universities. He joined the World Bank in 1971 and worked at various senior positions across several countries in Asia and Africa, including Bangladesh, Kenya, Botswana, the Philippines, Thailand, South Korea and China. He retired from the World Bank after serving as the Chief of the... More About Author

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ISBN: 9789386602138