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The ill-conceived demonetization certainly led to a disruption to economic growth in India that outstripped global declines in growth. I'm not sure it was actu
by ummonk 4y ago
The ill-conceived demonetization certainly led to a disruption to economic growth in India that outstripped global declines in growth.
I'm not sure it was actually a net-negative for the long term growth of the Indian economy, as the resulting lack of trust in physical cash accelerated the digitalization of Indian money and faster adoption of e-payments with Rupay and UPI, which should improve economic growth.