demonetization

“So they started actually before the demonetization, but demonetization really took them through the roof because Basically everything went to digital for that time, and then these workers started receiving their salaries digitally into their bank accounts and …”

“H.M. Patel presided over, you know, Independent India's first demonetization as a finance minister. He did not agree with the idea of demonetizing, demonetizing those currencies. But the prime minister said, the Moorajit said, nothing doing. He went ahead and …”

“Like demonetization happened, right? There were a lot of unintended consequences, but many of those unintended consequences could have been anticipated.”

“Demonetization is a good example. It was a shock to the economy, right? And we still not recovered fully from that shock.”

“If there is a person who's corrupt, then his or her resources earned through corrupt means is not kept in cash, right? It'll be him deployed somewhere. Because you don't keep cash, I mean, cash depreciates in value. So the idea that, you know, all the corrupti…”

“So our rate of growth is not six, seven percent as the government would like us to believe, but since demonetization, the average may be two percent or one and a half percent or something thereabouts, huh?”