Demonetisation: A Body Blow to the Indian Economy and People

Two months ago, the Government of India announced a massive demonetisation exercise that effectively nullified 86% of the currency in circulation. Economist and Former Member of the Planning Commission of India, Professor Abhijit Sen speaks to Benny Kuruvilla of TNI about its failed attempt at curtailing black money. Sen further elaborates on its body blow to Indian agriculture and employment- both in the informal and formal sectors. With challenges looming on the domestic and international economic front, 2017 does indeed look bleak for the Modi Government.