Five Years of Demonetisation

[Sukla Sen]

8th November 2016 - this very day, five years back, had brought in the black evening - ushered by the evil Monarch-in-the-making.

Here's a rather detailed and comprehensive evaluation after a year: "India:: Demonetisation: One Year After - A Synoptic View | Sukla Sen [sacw.net] - DocumentCloud" at <https://www.documentcloud.org/documents/4311065-India-Demonetisation-One-Year-After-A-Synoptic.html>.

<<Indicators show that the informal economy has shrunk to 20% of GDP from 40% a few years ago, according to SBI group chief economist Soumya Kanti Ghosh.>>

(Excerpted from: "GDP: Currency in use at record 14.5% of GDP amid 'dash to cash' - The Economic Times" at <https://m.economictimes.com/news/economy/indicators/currency-in-use-at-record-14-5-of-gdp-amid-dash-to-cash/amp_articleshow/87578570.cms>.)

That's a sure marker of creeping death of micro, small and, perhaps even, medium business.