Understanding Demonetization in India: A Deft Stroke of Economic Policy

Singh, Shrawan Kumar

ISBN 10: 1949991059 / ISBN 13: 9781949991055

Published by Business Expert Press, 2019

Former library book; May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less 0.59. Seller Inventory # G1949991059I4N10

Synopsis:

This book examines the very concept, history, critique, and impact on the overall economy and black money, the move toward less-cash economy and digitalization, government-RBI relations, along with an assessment of two years of demonetization.

Demonetization has created a severe macroeconomic shock. The measure was humungous in scale and led to a sharp contraction in money supply for a short period. Although demonetization's proponents have contended that it would cleanse the economy of black money and make transactions more formal and digital, its implementation certainly could have been better. The effects of demonetization on the Indian economy are debatable and will vary by sector. Its effectiveness will be talked about and studied by economists and policy makers for decades to come.

Demonetization has made only a minor dent in the GDP. It has helped to bring more people into the tax net and has reduced the size of the informal economy. With the increased use of digital payments, economic transactions become recorded. This book examines the very concept, history, critique, and impact on the overall economy and black money, the move toward less-cash economy and digitalization, government-RBI relations, along with an assessment of two years of demonetization. It would be prudent for the government to focus more on proper institutional reforms to address the issues originating from demonetization.

About the Author: As an academician, Shrawan Kumar Singh has experience in teaching, research, and writing that spans over six decades. Having served at the University of Delhi, Banaras Hindu University, and Ranchi University, he retired from the Indira Gandhi National Open University as professor and director of the School of Social Sciences.

Bibliographic Details

Title: Understanding Demonetization in India: A ...
Publisher: Business Expert Press
Publication Date: 2019
Binding: Paperback
Condition: Very Good
Dust Jacket Condition: No Jacket